This bill modifies Tennessee law to regulate development contracts between local governments and developers or contractors.

This bill amends Tennessee law to regulate development contracts between local governments and developers or contractors. It prohibits local governments from requiring developers or contractors to fund, build, or contribute to nonessential infrastructure unless specified in the original contract or agreed upon by both parties. It mandates that local governments must not make changes or additions to the terms of the contract unless the parties agree to the modification of one or more specific terms.

This bill modifies Tennessee law to regulate development contracts between local governments and developers or contractors.

This bill amends Tennessee law to regulate development contracts between local governments and developers or contractors. It prohibits local governments from requiring developers or contractors to fund, build, or contribute to nonessential infrastructure unless specified in the original contract or agreed upon by both parties. It mandates that local governments must not make changes or additions to the terms of the contract unless the parties agree to the modification of one or more specific terms.