Amends TCA Title 4; Title 8; Title 9; Title 10; Title 12; Title 49; Title 66 and Title 67.

Tennessee HB1344 amends various sections of the Tennessee Code Annotated to allow institutions of higher education to request the redirection of their capital outlay funds for purposes not specified in the 2022 appropriations act, contingent upon approval from the commissioner of finance and administration and the comptroller of the treasury. Key provisions include the establishment of a memorandum of understanding that outlines the responsibilities and requirements for fund redirection, the necessity for legislative committee notification and acknowledgment before fund disbursement, and the requirement for joint quarterly reports on the institutions' compliance and progress.