Plain English Breakdown
The official source does not provide information on the immediate effectiveness of the rule, but states that the act takes effect upon becoming a law due to public welfare requirements.
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 in Tennessee
- Public agencies overseeing county or municipal airports
Terms To Know
- joint board
- A group made up of members from different public agencies that oversee an 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.
- Does not change other parts of airport management or funding rules.