Bill > SB1654

This bill, effective November 1, 2026, amends Tennessee law to establish new requirements for non-governmental entities receiving in-kind funding from the state or local governments, specifically when that funding is related to certain public health services (as defined by sections 317 and 318 of the Public Health Service Act, which are federal laws). To be considered a "340B entity," which is a designation related to drug pricing programs, these entities must also receive state or federal grant awards that are subject to regular audits and reporting. The Comptroller of the Treasury, along with any state agency or local government providing this in-kind funding, will have the authority to check if these entities meet these new eligibility criteria and to ensure they are following the rules.