Senate Bill 71 proposes amendments to 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 introduces a new subdivision in Section 4-29-252(a) that establishes the industrial development division, 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The bill aims to streamline the legal framework governing these entities by removing outdated provisions and clarifying the structure of the building finance committee within the industrial development division.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