Amends TCA Title 6, Chapter 56, Part 4.
Tennessee HB0185 amends existing law regarding the requirement for municipalities to employ a certified municipal finance officer (CMFO) or an exempt individual for financial oversight. The bill allows municipalities to request written approval from the comptroller of the treasury to permit a contracted CMFO to devote less than the mandated 16 hours per month to financial oversight, with such approvals valid for one year and requiring annual renewal. This change affects municipalities that contract for CMFO services, providing them with more flexibility in managing financial oversight responsibilities.
Tennessee HB0185 amends existing law regarding the requirement for municipalities to employ a certified municipal finance officer (CMFO) or an exempt individual for financial oversight. The bill allows municipalities to request written approval from the comptroller of the treasury to permit a contracted CMFO to devote less than the mandated 16 hours per month to financial oversight, with such approvals valid for one year and requiring annual renewal. This change affects municipalities that contract for CMFO services, providing them with more flexibility in managing financial oversight responsibilities.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records