Amends TCA Section 67-4-409.
Tennessee SB1276 amends TCA Section 67-4-409 to require county or municipal governments that receive grants from the local parks land acquisition fund for projects in counties designated as distressed or at-risk by the Appalachian Regional Commission to provide a matching contribution of 25 percent of the project cost, rather than matching the full grant amount. This change affects local governments seeking funding for park projects in designated areas. The key provision reduces the financial burden on these governments by lowering the required match for grants.
Tennessee SB1276 amends TCA Section 67-4-409 to require county or municipal governments that receive grants from the local parks land acquisition fund for projects in counties designated as distressed or at-risk by the Appalachian Regional Commission to provide a matching contribution of 25 percent of the project cost, rather than matching the full grant amount. This change affects local governments seeking funding for park projects in designated areas. The key provision reduces the financial burden on these governments by lowering the required match for grants.
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