Senate Bill 75 amends Tennessee law regarding the Interstate Earthquake Compact of 1988 by deleting subdivision (28) from Section 4-29-246(a) of the Tennessee Code Annotated. Additionally, it introduces a new section, 4-29-254, which establishes that the Interstate Earthquake Compact of 1988 and any governmental entities created during the calendar year 2031 will terminate on June 30, 2033.

The bill also allows for the possibility of reestablishing or restructuring any governmental entity that has been terminated under this new provision. This act is set to take effect immediately upon becoming law, emphasizing the importance of public welfare in its implementation.

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