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Tennessee SB1366 establishes a process for reviewing requests for federal aid, requiring state government recipients to notify the joint committee on ways and means prior to applying for or accepting federal aid based on the amount involved. It affects state departments and recipients of federal aid, mandating that those seeking aid of $25 million or more undergo a review and approval process, while also requiring annual reporting on federal fund allocations. Key provisions include notification requirements, a review process for large loans, and specific reporting obligations to the joint committee.
Tennessee SB1366 establishes a process for reviewing requests for federal aid, requiring state government recipients to notify the joint committee on ways and means prior to applying for or accepting federal aid based on the amount involved. It affects state departments and recipients of federal aid, mandating that those seeking aid of $25 million or more undergo a review and approval process, while also requiring annual reporting on federal fund allocations. Key provisions include notification requirements, a review process for large loans, and specific reporting obligations to the joint committee.
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