Bill > HB2178

This bill reconstitutes the board of directors for the Tennessee Technology Development Corporation, a state entity focused on technological advancement, effective July 1, 2026. The new board will consist of twelve members: seven from the private sector appointed by the Governor, the Speaker of the House, and the Speaker of the Senate, and four from the public sector appointed by the same officials, with specific provisions for municipal and county organization input for two of the public sector appointments. The Commissioner of Economic and Community Development will also serve as a non-voting member. The bill outlines the appointment process, initial term lengths, and subsequent four-year terms for board members, who are eligible for reappointment. It also establishes an executive committee of five members to manage daily operations and limits the number of board and executive committee meetings per year. Furthermore, the bill mandates the adoption and implementation of a conflict of interest policy for board members, requiring annual financial disclosures and acknowledgments of understanding the policy as a condition of appointment. Additionally, this bill removes the Tennessee Technology Development Corporation from a list of agencies subject to review for termination and clarifies its creation.

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https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2178&ga=114