Tennessee SB0988 mandates documentation and audits for fees over $500 collected by local governments.

Tennessee SB0988 amends state law to require departments, agencies, or officials of metropolitan, county, and municipal governments to maintain documentation justifying fees over $500. This documentation must be a public record and available for inspection. Additionally, it mandates an annual audit by the comptroller of the treasury, which may be incorporated into other financial audits. The act takes effect July 1, 2025.

Tennessee SB0988 mandates documentation and audits for fees over $500 collected by local governments.

Tennessee SB0988 amends state law to require departments, agencies, or officials of metropolitan, county, and municipal governments to maintain documentation justifying fees over $500. This documentation must be a public record and available for inspection. Additionally, it mandates an annual audit by the comptroller of the treasury, which may be incorporated into other financial audits. The act takes effect July 1, 2025.