Amends TCA Section 55-12-139.
Tennessee SB1300 amends TCA Section 55-12-139 by transferring the responsibility of issuing a certificate for cash deposits or bonds required under the Tennessee Financial Responsibility Law of 1977 from the commissioner of safety to the commissioner of revenue. This change affects individuals and entities required to demonstrate financial responsibility for motor vehicle operation. The key provision is the reassignment of certification authority to the commissioner of revenue, streamlining the process for compliance with financial responsibility requirements.
Tennessee SB1300 amends TCA Section 55-12-139 by transferring the responsibility of issuing a certificate for cash deposits or bonds required under the Tennessee Financial Responsibility Law of 1977 from the commissioner of safety to the commissioner of revenue. This change affects individuals and entities required to demonstrate financial responsibility for motor vehicle operation. The key provision is the reassignment of certification authority to the commissioner of revenue, streamlining the process for compliance with financial responsibility requirements.
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