Greenbelt Initiative Fund Transfer (GIFT) Act
Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9 and Title 67.
Tennessee SB2480, titled the "Greenbelt Initiative Fund Transfer (GIFT) Act," establishes the rural revenue equity fund to provide financial support to rural counties. The bill authorizes the commissioner of economic and community development to allocate funds based on specified agricultural, demographic, and fiscal criteria, including the amount of greenbelt acreage in those counties. This initiative aims to enhance revenue equity for rural areas in Tennessee.
Tennessee SB2480, titled the "Greenbelt Initiative Fund Transfer (GIFT) Act," establishes the rural revenue equity fund to provide financial support to rural counties. The bill authorizes the commissioner of economic and community development to allocate funds based on specified agricultural, demographic, and fiscal criteria, including the amount of greenbelt acreage in those counties. This initiative aims to enhance revenue equity for rural areas in Tennessee.
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Bowling, Janice
114th General Assembly
February 2, 2026
April 20, 2026
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026