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TN SB0628

TN SB0628
AN ACT to amend Tennessee Code Annotated, Title 4; Title 49 and Title 64, relative to regional authorities.


summary

Introduced
01/31/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, requires the department of economic and community development to submit an annual report to certain legislative committees that includes the names of the municipalities involved in the creation of an authority in the prior calendar year, the amount of land acquired and improved, specific details about the financing of the project, and any other information the department deems relevant. - Amends TCA Title 4; Title 49 and Title 64.

AI Summary

This bill requires the Tennessee Department of Economic and Community Development to submit an annual report to specific legislative committees detailing information about regional authorities created in the previous fiscal year. The report must include the names of municipalities involved in establishing the authority, the amount of land acquired and improved, detailed information about project financing, and any other relevant information the department chooses to include. The new reporting requirement is being added to existing state law, and the bill will take effect immediately upon becoming law, with the stated purpose of serving the public welfare by increasing transparency around the creation and development of regional authorities in Tennessee.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Passed on Second Consideration, refer to Senate State and Local Government Committee (on 02/12/2025)

bill text


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