SB1760Enacted

Amends TCA Title 9, Chapter 23 and Title 67, Chapter 5.

Tennessee SB1760 allows housing authorities, industrial development corporations, or community redevelopment agencies to enter into agreements with property owners in designated redevelopment areas, requiring owners to make payments to secure the bonds of these entities. The bill mandates that such agreements be recorded in county real property records to establish a lien, which will have first priority over existing and future mortgages and other liens. This legislation primarily affects property owners within identified redevelopment areas and the respective authorities or agencies involved in economic development.

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Overview

Tennessee SB1760 allows housing authorities, industrial development corporations, or community redevelopment agencies to enter into agreements with property owners in designated redevelopment areas, requiring owners to make payments to secure the bonds of these entities. The bill mandates that such agreements be recorded in county real property records to establish a lien, which will have first priority over existing and future mortgages and other liens. This legislation primarily affects property owners within identified redevelopment areas and the respective authorities or agencies involved in economic development.

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Sponsor

Briggs, Richard

Details
Session

114th General Assembly

Introduced

January 20, 2026

Last Action

May 18, 2026

Comp. became Pub. Ch. 915

Subjects
Real PropertyTaxes, Ad ValoremTaxesPublic Funds and FinancingMunicipal GovernmentIndustrial DevelopmentHousingCounty Government

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