Senate Bill 71, sponsored by Roberts, amends the Tennessee Code Annotated concerning the industrial development division and the building finance committee. Specifically, it deletes subdivision (24) from Section 4-29-246(a) and adds a new subdivision to Section 4-29-252(a) that establishes the industrial development division and building finance committee as created by Section 4-14-108.

The bill aims to streamline the legal framework governing these entities by removing outdated provisions and formally recognizing the building finance committee within the industrial development division. The act is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.

Statutes affected:
Introduced: 4-29-246(a), 4-29-246, 4-29-252(a), 4-29-252