Tennessee HB0672 amends industrial development corporation laws to ensure acreage is transferred to a 501(c)(3) nonprofit entity upon dissolution.
Tennessee HB0672 modifies the state's industrial development corporation statutes. It specifies that when a nonprofit entity dissolves, the associated acreage must be transferred to a 501(c)(3) nonprofit entity focused on industrial and nuclear development. This act becomes effective immediately upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.