Bill > HB0980

This bill allows tourism development authorities in Tennessee to petition for the deannexation (removal) of property they own from a municipality's boundaries, with specific procedural requirements. Under the proposed law, a tourism development authority that owns real property within a municipality can request to have that property removed from the municipal limits, provided the deannexation does not create an unincorporated area completely surrounded by municipal boundaries. The petition must include a map of the property, and the municipality must determine any outstanding debt owed within 30 days of receiving the petition. The deannexation becomes effective 60 days after the petition is submitted, at which point the municipality loses jurisdiction over the property, except for any debt contracted between the original annexation and the surrender of jurisdiction. This legislation provides a specific mechanism for tourism development authorities to modify their property's municipal status, potentially offering more flexibility in managing real estate holdings.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0980&ga=114