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TN SB2331

TN SB2331
AN ACT to amend Tennessee Code Annotated, Title 3, Chapter 2 and Title 4, Chapter 56, relative to fiscal review.


summary

Introduced
02/02/2026
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, clarifies which procurement contracts are subject to review by the fiscal review committee of the general assembly; removes requirement that impact to commerce statements be included on fiscal notes prepared by the fiscal review committee. - Amends TCA Title 3, Chapter 2 and Title 4, Chapter 56.

AI Summary

This bill clarifies which procurement contracts, meaning agreements for goods or services, are subject to review by the fiscal review committee, a legislative body that examines the financial impact of proposed actions. Specifically, it outlines that noncompetitive contracts, which are those awarded without a formal bidding process, with a value of $250,000 or more, and any amendments to contracts that meet or would meet this threshold, will require review. The bill also removes the requirement for fiscal notes, which are documents explaining the financial impact of legislation, to include statements about the impact on commerce.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Senate Revenue Subcommittee Of Finance, Ways & Means Hearing (00:00:00 3/3/2026 Cordell Hull Building) (on 03/03/2026)

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