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, the bill introduces a new section, 4-29-254, which establishes that the Interstate Earthquake Compact of 1988 will terminate on June 30, 2033. It also states that any department, commission, board, agency, or council of state government created during the calendar year 2031 will also terminate on the same date.

Furthermore, the bill allows for any governmental entity that has been terminated under this new section to be continued, reestablished, or restructured in accordance with the relevant chapter of the law. The act is set to take effect upon becoming law, emphasizing the importance of public welfare in its implementation.

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