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) and introduces a new subdivision in Section 4-29-252(a) that formally recognizes the industrial development division and building finance committee, as established by Section 4-14-108.

The changes made by this bill are intended to streamline the legal framework surrounding the industrial development division and enhance the clarity of its governance structure. The bill will take effect immediately upon becoming law, emphasizing the importance of the public welfare in its enactment.

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