Amends TCA Title 4; Title 49 and Title 64.
Tennessee SB0628 requires the Department of Economic and Community Development to submit an annual report to designated legislative committees detailing municipalities that created an authority in the previous year, including information on land acquisition, improvements, financing, and other relevant data. The bill affects municipalities involved in such projects and aims to enhance transparency and accountability regarding economic development initiatives. Key provisions include the specification of information to be reported and the annual frequency of the report.
Tennessee SB0628 requires the Department of Economic and Community Development to submit an annual report to designated legislative committees detailing municipalities that created an authority in the previous year, including information on land acquisition, improvements, financing, and other relevant data. The bill affects municipalities involved in such projects and aims to enhance transparency and accountability regarding economic development initiatives. Key provisions include the specification of information to be reported and the annual frequency of the report.
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