SB1766

SB1766 amends Tennessee Code to modify rules for infrastructure development districts, including assessment limits and durations.

SB1766 amends Tennessee Code to change rules for infrastructure development districts. It sets a maximum term for special assessments at thirty years from the first levy and mandates dissolution of districts within thirty years of the last assessment. The bill also allows a portion of special assessments to cover administrative expenses and permits separate public hearings for each phase of multi-phase development projects. The changes apply to the establishment and governance of infrastructure development districts.