TN HB1681

Amends Tennessee Code to clarify that infrastructure development district laws operate independently from central business improvement district statutes, with both remaining in full force

Requires each host municipality to hold a public hearing upon receiving an initiating petition for a new infrastructure development district; allows joint hearings when two or more municipalities must approve

Limits bonds, notes, and other debt obligations for infrastructure funding to a maximum term of 30 years from first issuance, with multi-phase projects allowed separate 30-year terms per phase

Permits establishment resolutions to set aside a portion of special assessments for administrative expenses, including overhead costs incurred by host municipalities and tax collecting officials

Changes district dissolution timeline from 30 years after establishment to 30 years after the last assessment is first levied