Senate Bill 1541, also known as House Bill 1549, proposes a significant overhaul of the governance structure of the Town of Greeneville, replacing the existing legal framework established since 1903. The bill renames the governing body from the Board of Mayor and Aldermen to the City Council and changes the title of Aldermen to Council Members. It extends the terms of office for both the Mayor and Council Members from two years to four years, with the first election under this new structure set for September 2023. The bill clarifies the Mayor's voting rights, allowing them to serve as a tiebreaker in council votes, and establishes a two-ward system for the town. Additionally, it outlines the powers and responsibilities of the Mayor, City Council, and City Manager, emphasizing transparency and accountability in governance.

The legislation also introduces the Greeneville Water Commission, which will hold elections for its commissioners in conjunction with the August elections for staggered six-year terms, while extending current terms to facilitate this change. It modifies the election schedule for the Greeneville Board of Education to align with the August election cycle for four-year terms, extending certain board members' current terms to ensure participation in even-year elections. The bill mandates financial accountability by requiring appropriations to align with estimates and specifying the purpose of payment warrants. It also clarifies the individual liability of the Mayor and Council Members for financial decisions exceeding current tax amounts and ensures that existing ordinances remain in effect until modified or repealed. The act requires a two-thirds approval from Greeneville's legislative body to take effect.