Amends Tennessee Code to require infrastructure development districts to have a capital cost of at least $1,000,000.
The bill amends Tennessee Code to modify the criteria for infrastructure development districts. Specifically, it sets a minimum capital cost of $1,000,000 for the development of these districts. The changes apply to various titles including Title 7, Title 9, Title 12, Title 13, Title 66, Title 67, and Title 68. The act becomes effective immediately upon becoming law, as deemed necessary for public welfare.
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- Core Provisions
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- Legal Framework
- Critical Issues
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