Plain English Breakdown
The official source material does not provide specific details on penalties for non-compliance or exact changes to existing laws.
Infrastructure Development District Requirements
This bill requires municipalities in Tennessee to provide detailed cost breakdowns for infrastructure related to each utility service when forming an infrastructure development district.
What This Bill Does
- Requires cities to list the costs of infrastructure, broken down by each utility service (like electricity or water), when they create a special area for building new homes or businesses.
Who It Names or Affects
- Municipalities and cities in Tennessee
Terms To Know
- Infrastructure Development District
- A special area set up by a city for building new things like houses, offices, or factories.
- Special Assessment Revenues
- Money collected from property owners to pay for improvements in their neighborhood.
Limits and Unknowns
- The bill does not specify how much money cities need to collect.
- It is unclear what happens if a city does not follow these new rules.