SB 2948 Summary

• Appropriates $146,125.00 from the State General Fund to the Tennessee-Tombigbee Waterway Development Authority for fiscal year 2021 (July 1, 2020 - June 30, 2021)

• Authorizes $272,479.00 in expenditures from special source funds collected by the authority for the same fiscal year

• Authorizes 2 permanent full-time positions and 1 permanent part-time position for the authority

• Requires the authority to maintain accounting and personnel records in the same format and detail as fiscal year 2020, and submit future budget requests in comparable format

• Takes effect July 1, 2020