SB 3027 Summary

• Appropriates $164,016.00 from the State General Fund to the Tennessee-Tombigbee Waterway Development Authority for fiscal year 2024 (July 1, 2023 - June 30, 2024)

• Authorizes $355,879.00 in expenditures from special source funds collected by the authority for the same fiscal period

• Authorizes 3 permanent positions for the agency with no time-limited positions

• Requires the authority to maintain complete accounting and personnel records in the same format as fiscal year 2023 and submit future budget requests in comparable detail

• Takes effect July 1, 2023