Amends TCA Title 5; Title 6; Title 7; Title 10 and Title 67, Chapter 4, Part 29.

Tennessee SB0988 amends various sections of the Tennessee Code Annotated to require counties, municipal governments, and metropolitan governments that assess and collect development-related fees exceeding $250 to maintain documentation justifying these fees. This documentation must be available for public inspection and subject to annual audit by the comptroller of the treasury. The bill also defines "cost basis" as the rationale for charging fees in relation to government-incurred costs.