Amends TCA Title 13.
Tennessee HB1326 amends the Tennessee Code Annotated (TCA) Title 13 regarding vested property rights. It affects property developers by establishing that vested rights are created upon the submission of development plans or permits, rather than their approval, and ensures that the applicable development standards remain consistent from the submission date throughout the vesting period. Key provisions include a three-year vesting period for submitted applications and a requirement for local governments to specify substantial compliance criteria for development plans.
Tennessee HB1326 amends the Tennessee Code Annotated (TCA) Title 13 regarding vested property rights. It affects property developers by establishing that vested rights are created upon the submission of development plans or permits, rather than their approval, and ensures that the applicable development standards remain consistent from the submission date throughout the vesting period. Key provisions include a three-year vesting period for submitted applications and a requirement for local governments to specify substantial compliance criteria for development plans.
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