Amends Tennessee Code to require infrastructure development districts to have a capital cost of at least one million dollars.
The bill amends Tennessee Code, affecting Titles 7, 9, 12, 13, 66, 67, and 68, to modify the criteria for infrastructure development districts. Specifically, it mandates that any such district must contemplate a capital cost for development of at least one million dollars. This change takes effect immediately upon becoming law, as deemed necessary for public welfare.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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