The Tennessee Higher Education Commission serves 51 public colleges, universities, and technology centers with a collective enrollment of approximately 245,000 students, and it collaborates with more than 36 independent institutions. The Tennessee Higher Education Commission approved a five-year plan in December 2011 recommending state funding for capital maintenance and capital outlay projects for 2012 and 2013. The Five-Year Capital Projects Plan includes an institutional matching component for universities, community colleges, non-formula units, and technology centers largely consisting of private gifts, grants, institutional matching funds, and student fees applicable to the first $75 million of a project. The Tennessee Board of Regents (TBR) is the nation’s sixth-largest system of public higher education, with 46 institutions serving a collective annual enrollment of more than 200,000 students. The Tennessee Board of Regents operates six state universities, 13 community colleges, and 27 technology centers.