Amends TCA Title 67, Chapter 5.
Tennessee SB1961 requires that notifications regarding a county or city's default on loan repayments for state-funded real property reappraisal programs be submitted in writing by the director of the division of property assessments to the commissioner of finance and administration. This bill affects counties and cities that receive state loans for property reappraisal programs. The key provision is the formalization of the notification process to ensure it is documented in writing.
Tennessee SB1961 requires that notifications regarding a county or city's default on loan repayments for state-funded real property reappraisal programs be submitted in writing by the director of the division of property assessments to the commissioner of finance and administration. This bill affects counties and cities that receive state loans for property reappraisal programs. The key provision is the formalization of the notification process to ensure it is documented in writing.
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