Bill > SB2316

This bill vacates and 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, Speaker of the House, and Speaker of the Senate, and four from the public sector appointed by the same legislative leaders, with two of those public sector appointments requiring consultation with municipal and county organizations. 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 to manage daily operations, limits the number of board and committee meetings per year, and mandates the adoption of a conflict of interest policy requiring annual financial disclosures and acknowledgments from board members. Additionally, this bill removes the Tennessee Technology Development Corporation from a list of agencies subject to review and adds it to a list of entities created by statute.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2316&ga=114