Amends TCA Title 7; Title 9; Title 12; Title 13; Title 66; Title 67 and Title 68.
Tennessee HB0636 establishes the "Real Estate Infrastructure Development Act of 2025," which provides municipalities with the authority to create and govern infrastructure development districts. The bill affects municipalities and property owners within those districts by allowing for the levying of special assessments to fund infrastructure improvements. Key provisions include a petition process for establishing districts, requirements for public hearings, and guidelines for the issuance of bonds and collection of assessments.
Tennessee HB0636 establishes the "Real Estate Infrastructure Development Act of 2025," which provides municipalities with the authority to create and govern infrastructure development districts. The bill affects municipalities and property owners within those districts by allowing for the levying of special assessments to fund infrastructure improvements. Key provisions include a petition process for establishing districts, requirements for public hearings, and guidelines for the issuance of bonds and collection of assessments.
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