SB 563
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
January 31, 2025
Fiscal Analyst: Christine Drescher | Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564
SB 563
SUMMARY OF BILL: Authorizes the Tennessee Public Charter School Commission,
instead of the State Board of Education, to approve and accredit educational institutions to be
exempt from registration requirements for the solicitation of charitable funds.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Tennessee Code Annotated § 48-101-502(b) currently authorizes local boards of education,
the achievement school district, or the State Board of Education to approve and accredit
educational institutions.
• The proposed legislation will not impact the number of approved and accredited
educational institutions or the operations of the Tennessee Public Charter School
Commission or the State Board of Education. Therefore, any fiscal impact to state or local
government will be not significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director