Plain English Breakdown
The bill's impact on existing processes or budgets is uncertain.
Annual Reports for Regional Authorities
This bill requires the Tennessee Department of Economic and Community Development to submit an annual report about regional authorities to certain legislative finance committees.
What This Bill Does
- Requires the department to send a yearly report to specific legislative finance committees.
- Includes information on municipalities involved in creating regional authorities, land acquired and improved, project financing details, and other relevant data.
Who It Names or Affects
- The Department of Economic and Community Development
- Legislative finance committees
Terms To Know
- Regional Authorities
- Special government bodies created to manage specific projects or services in a particular area.
- Municipalities
- Local governments such as cities and towns.
Limits and Unknowns
- The bill does not specify what happens if the department fails to submit the report on time.
- It is unclear how this new reporting requirement will impact existing processes or budgets.