Plain English Breakdown
The official source material does not specify what happens if the committee approves the transfer after the deadline, how it will affect existing agreements between the state and private entities, or any penalties for non-compliance. These points remain as uncertainties in the summary.
No Corporate Land Giveaways Act
This bill requires state officials to notify lawmakers before transferring state-owned land to private companies for projects or development without compensation.
What This Bill Does
- Requires the commissioner of general services and the chair of the state capitol commission to give written notice at least 30 days before transferring ownership, leasehold interest, or control of state property to a private entity.
- Specifies that this notice must be sent to the chairs of the joint government operations committee in both houses of the legislature and all representatives who represent areas where the land is located.
- Prohibits the transfer of such property unless the joint government operations committee approves it within 30 days after receiving the notice.
- If the committee does not act within this time, the transfer is automatically disapproved.
Who It Names or Affects
- The commissioner of general services and the chair of the state capitol commission
- Private entities seeking to acquire state property for private projects or development
- Lawmakers in Tennessee
Terms To Know
- joint government operations committee
- A group made up of members from both houses of the Tennessee legislature that reviews and approves certain actions involving state property.
- leasehold interest
- The right to use a piece of land for a specific period, usually in exchange for rent or other payments.
Limits and Unknowns
- Does not specify what happens if the committee approves the transfer after the deadline.
- It is unclear how this act will affect existing agreements between the state and private entities.
- The bill does not provide details on penalties for non-compliance with its requirements.