Senate Bill 71 aims to amend specific sections of the Tennessee Code Annotated concerning the industrial development division and the building finance committee. The bill proposes to delete subdivision (24) from Section 4-29-246(a), which may pertain to a specific function or requirement within the industrial development framework.

Additionally, the bill introduces a new subdivision in Section 4-29-252(a) that formally recognizes the industrial development division and the building finance committee as established by Section 4-14-108. This change is intended to clarify the structure and authority of these entities within the state's legal framework. The act is set to take effect immediately upon becoming law, emphasizing its importance for public welfare.

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