TN SB1766

Amends Tennessee law governing infrastructure development districts to clarify that existing central business improvement district statutes remain separate and independent authority for establishing such districts

Requires each host municipality to hold a public hearing upon filing of an initiating petition to determine whether an infrastructure development district will be established; allows joint or separate hearings when multiple municipalities are involved

Sets maximum bond term at 30 years from first issuance for infrastructure funding, with multi-phase development projects allowed separate 30-year terms for each phase

Permits establishment resolutions to allocate a portion of special assessments toward administrative expenses incurred by host municipalities, including overhead costs for assessors, trustees, and tax collection officials

Changes district dissolution timeline from 30 years after establishment to 30 years from the date the last assessment is first levied, effectively extending potential district duration