SB 125
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
January 25, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
SB 125
SUMMARY OF BILL: Requires the Tennessee Higher Education Commission (THEC), in
consultation with the Department of Labor and Workforce Development (DLWD), to study: (1)
each state-funded financial aid and scholarship program in this state to determine whether such
programs may be expanded to provide greater financial aid opportunities for individuals interested
in pursuing a workforce credential; and (2) the number and scope of each financial aid and
scholarship program independently offered by employers or other private entities in this state to
increase the number of individuals with a workforce credential.
Requires THEC to submit a report to the Higher Education Subcommittee of the House of
Representatives and to the Senate Education Committee detailing its findings and recommendations
no later than January 15, 2026.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• THEC and DLWD can complete the study and submit the report within existing resources.
• Any fiscal impact to state or local government is estimated to be not significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director