Plain English Breakdown
The official source does not provide information on immediate effectiveness beyond becoming a law, so this claim was removed and replaced with the general statement that it takes effect upon becoming law.
Changing Airport Reporting Time
This bill changes the reporting deadline for airport joint boards from thirty calendar days to thirty business days before the start of a fiscal year.
What This Bill Does
- Changes the time limit for airport joint boards to submit reports from thirty (30) days to thirty (30) business days before the start of a fiscal year.
- Updates Tennessee Code Annotated, Title 42, Section 42-5-204(a) to reflect this change.
Who It Names or Affects
- Airport joint boards that oversee county or municipal airports in Tennessee
Terms To Know
- joint board
- A group made up of members from different public agencies who work together to manage a county or municipal airport.
- fiscal year
- The period used for budgeting and financial reporting, usually starting on July 1st in Tennessee.
Limits and Unknowns
- Does not specify what happens if the report is submitted late.
- Only affects joint boards overseeing county or municipal airports in Tennessee.