Loading chat...

TN HB1309

Bill

Official Source

Status

Passed

4/29/2025

Primary Sponsor

William Lamberth

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Interest income from investments and deposits under Tennessee Code Section 64-9-107 must be credited to a separate account dedicated to carrying out the section's purposes
  • Funds cannot revert to the general fund and must carry forward into each subsequent fiscal year
  • The new subsection (e) contains a sunset provision and will be automatically deleted on June 30, 2029
  • Passed April 14, 2025 and approved by Governor Bill Lee on April 24, 2025, taking effect immediately upon becoming law

Legislative Description

AN ACT to amend Tennessee Code Annotated, Section 64-9-107, relative to the management of utility systems.

Regional Authorities and Special Districts

Last Action

Comp. became Pub. Ch. 274

4/29/2025

Committee Referrals

Calendar and Rules4/1/2025
Finance, Ways & Means3/26/2025
Finance, Ways & Means Subcommittee3/19/2025
Finance, Ways & Means3/19/2025
Commerce3/12/2025
Business and Utilities Subcommittee2/26/2025
Commerce2/12/2025

Full Bill Text

No bill text available