SB1648 amends Tennessee Code to modify the establishment, operation, and dissolution of infrastructure development districts.
SB1648 amends Tennessee Code to revise the establishment, operation, and dissolution of infrastructure development districts. It mandates public hearings for district establishment and allows joint hearings for multi-municipal districts. The bill sets a maximum term of 30 years for bonds issued for infrastructure projects, with separate bonds for each development phase. It also clarifies that the act does not affect other business improvement or infrastructure development districts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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