Tennessee HB0980 amends tourism development authorities to allow deannexation of property from municipalities.
Tennessee HB0980 amends the Tennessee Code to allow tourism development authorities to petition for deannexation of property from municipalities. The bill specifies that a municipality must determine any debt owed within 30 days of receiving the petition and that deannexation becomes effective 60 days after the petition is received. The bill also clarifies that the municipality retains responsibility for any debt incurred after annexation but before the property is surrendered. This act takes effect immediately upon becoming law.
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