Amends Tennessee Code to revise rules for infrastructure development districts, including public hearings, special assessments, and debt obligations.
This bill amends Tennessee Code to modify the rules for infrastructure development districts. It requires a public hearing for districts requiring approval from two or more municipalities. It allows for a portion of special assessments to cover administrative expenses and mandates that bonds for infrastructure costs cannot exceed 30 years. The bill also removes the 30-year dissolution requirement for districts and clarifies that certain chapters and parts remain unaffected.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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