Bill > SB0071

This bill extends the existence of the industrial development division's building finance committee until June 30, 2031, by making two specific changes to Tennessee state law. First, the bill removes a specific subdivision (number 24) from Section 4-29-246(a) of the Tennessee Code. Second, it adds a new subdivision to Section 4-29-252(a) that specifically references the industrial development division's building finance committee, which was originally created under Section 4-14-108. The purpose appears to be administrative, ensuring the continued legal authorization of this division within the state government's organizational structure. The bill will take effect immediately upon becoming law, as stated in Section 3, with the justification that it serves the public welfare. By extending the committee's authorized existence, the bill allows this governmental body to continue its work in supporting industrial development in Tennessee for several more years.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0071&ga=114