republic-os/legislation/us/states/tn/112/sb-501.md

---
type: "Bill"
title: "Education, Higher - As enacted, ends the BEST college savings program that permitted tuition units to be purchased under a tuition contract; provides for the use, refund, or rollover to another college savings plan of all funds remaining under any tuition contract. - Amends TCA Title 49, Chapter 7."
description: "Education, Higher - As enacted, ends the BEST college savings program that permitted tuition units to be purchased under a tuition contract; provides for the use, refund, or rollover to another college savings plan of all funds remaining under any tuition contract. - Amends TCA Title 49, Chapter 7."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 501"
citation: "Tennessee SB 501 (112)"
classification: ["bill"]
subjects: ["Education", "Higher"]
status: "enacted"
primary_sponsors: ["Hazlewood", "Lundberg"]
version_count: 1
action_count: 37
vote_count: 9
first_action: "2021-02-08"
last_action: "2021-05-21"
source: "openstates"
source_identifier: "ocd-bill/edfa34b6-fb83-488b-a278-69d4453c2d33"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0501&GA=112"
source_hash: "52f7bcce638948a31b1e9b2b35bb42731d22425bb9144e2d3a099e52c641b63d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 501 (112) — Education, Higher - As enacted, ends the BEST college savings program that permitted tuition units to be purchased under a tuition contract; provides for the use, refund, or rollover to another college savings plan of all funds remaining under any tuition contract. - Amends TCA Title 49, Chapter 7.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB0501.pdf)

## Votes

- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 5/3/2021 Passed (1) — **86–0** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 4/21/2021 (5) — **0–0** (pass) · lower
- FLOOR VOTE: Motion to Adopt 3/15/2021 Passed (1) — **30–0** (pass) · upper
- HOUSE EDUCATION ADMINISTRATION COMMITTEE: Rec. for pass; ref to Finance, Ways, and Means Committee 3/31/2021 (6) — **0–0** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 5/3/2021 4/28/2021 (3) — **0–0** (fail) · lower
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 5/3/2021 Passed (2) — **86–0** (pass) · lower
- HOUSE HIGHER EDUCATION SUBCOMMITTEE: Rec. for pass by s/c ref. to Education Administration 3/23/2021 (7) — **0–0** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 4/27/2021 (4) — **0–0** (pass) · lower
- SENATE EDUCATION COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/10/2021 Passed (2) — **9–0** (pass) · upper

## Sponsors

- Hazlewood — primary (person)
- Lundberg — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-08** Filed for introduction `introduction, reading-1`
- **2021-02-10** Introduced, Passed on First Consideration `introduction`
- **2021-02-11** Passed on Second Consideration, refer to Senate Education Committee
- **2021-02-22** Filed for introduction `introduction, reading-1`
- **2021-02-24** Intro., P1C. `introduction`
- **2021-02-25** P2C, ref. to Education Administration `referral-committee`
- **2021-03-01** Assigned to s/c Higher Education Subcommittee `referral-committee`
- **2021-03-03** Placed on Senate Education Committee calendar for 3/10/2021
- **2021-03-10** Recommended for passage, refer to Senate Calendar Committee
- **2021-03-11** Placed on Senate Consent Calendar 2 for 3/15/2021
- **2021-03-15** Engrossed; ready for transmission to House
- **2021-03-15** Passed Senate, Ayes 30, Nays 0 `passage`
- **2021-03-17** Placed on s/c cal Higher Education Subcommittee for 3/23/2021
- **2021-03-18** Rcvd. from S., held on H. desk.
- **2021-03-23** Rec. for pass by s/c ref. to Education Administration `committee-passage-favorable`
- **2021-03-24** Placed on cal. Education Administration for 3/31/2021
- **2021-03-31** Assigned to s/c Finance, Ways, and Means Subcommittee `referral-committee`
- **2021-03-31** Rec. for pass; ref to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2021-04-07** Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2021
- **2021-04-14** Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/21/2021
- **2021-04-14** Action Def. in s/c Finance, Ways, and Means Subcommittee to 4/21/2021
- **2021-04-21** Placed on cal. Finance, Ways, and Means Committee for 4/27/2021
- **2021-04-21** Rec. for pass by s/c ref. to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2021-04-27** Placed on cal. Calendar & Rules Committee for 4/28/2021
- **2021-04-27** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2021-04-28** H. Placed on Consent Calendar for 5/3/2021
- **2021-05-03** Passed H., Ayes 86, Nays 0, PNV 1 `passage`
- **2021-05-03** Subst. for comp. HB.
- **2021-05-03** Comp. SB subst.
- **2021-05-05** Signed by Senate Speaker
- **2021-05-05** Enrolled and ready for signatures
- **2021-05-07** Signed by H. Speaker
- **2021-05-11** Transmitted to Governor for action.
- **2021-05-18** Signed by Governor. `executive-signature`
- **2021-05-21** Effective date(s) 05/18/2021
- **2021-05-21** Pub. Ch. 469
- **2021-05-21** Comp. became Pub. Ch. 469

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/edfa34b6-fb83-488b-a278-69d4453c2d33`. Confidence: reported (aggregated from official Tennessee legislature records).