Bill > SB1276

This bill amends Tennessee's local parks land acquisition fund regulations to reduce the matching fund requirements for counties designated as distressed or at-risk by the Appalachian Regional Commission (ARC). Currently, when a county or municipal government receives a grant for a parks project, they must typically match the grant with an equal amount of money. However, under this new legislation, for projects located in counties classified as distressed or at-risk by the ARC at the time of grant application, the matching requirement is reduced from a 100% match to just a 25% match. This change aims to make park development and land acquisition more financially feasible for economically challenged counties by lowering the financial burden of matching grant funds. The bill is set to take effect on October 1, 2025, and specifically modifies Section 67-4-409 of the Tennessee Code Annotated. By reducing the matching requirement, the bill could help stimulate park development and public space improvements in economically disadvantaged regions of Tennessee.

Agriculture and Natural Resources, Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1276&ga=114