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TN SB1300

TN SB1300
AN ACT to amend Tennessee Code Annotated, Section 55-12-139, relative to proof of financial responsibility.


summary

Introduced
02/06/2025
In Committee
Crossed Over
Passed
04/04/2025
Dead
Signed/Enacted/Adopted
04/04/2025

Introduced Session

114th General Assembly

Bill Summary

As enacted, requires the commissioner of revenue, instead of the commissioner of safety, to issue a certificate stating that a cash deposit or bond in the amount required by the Tennessee Financial Responsibility Law of 1977 has been paid or filed with the commissioner of revenue. - Amends TCA Section 55-12-139.

AI Summary

This bill modifies Tennessee's financial responsibility law by changing the administrative responsibility for issuing certificates of financial responsibility from the commissioner of safety to the commissioner of revenue. Specifically, the bill amends Section 55-12-139 of the Tennessee Code to replace "commissioner of safety" with "commissioner of revenue" when referring to who issues a certificate stating that a cash deposit or bond has been paid or filed as required by the Tennessee Financial Responsibility Law of 1977. This change appears to be an administrative reorganization that shifts the bureaucratic duty of verifying and documenting financial responsibility for vehicles or other regulated activities from one state department to another. The bill is set to take effect on January 1, 2026, and was introduced as House Bill No. 119. While the bill does not change the substantive requirements of financial responsibility, it does alter which state official is responsible for managing related documentation and certification.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Comp. became Pub. Ch. 83 (on 04/04/2025)

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