House Bill 125 amends Tennessee Code Annotated, Section 67-4-409, concerning the local parks land acquisition fund. The bill modifies the matching grant requirements for county or municipal governments that receive funding under this section. Specifically, it stipulates that these governments must match the grant with an equal amount of money for each project, except in cases where the project is located in a county designated as distressed or at-risk by the Appalachian Regional Commission. In such cases, the matching requirement is reduced to twenty-five percent (25%) of the project cost.

The changes involve deleting the first sentence of the existing law and substituting it with the new matching requirements. This bill is set to take effect on October 1, 2025, emphasizing the importance of supporting local governments in distressed areas while still ensuring a level of financial commitment to the projects funded by the grants.

Statutes affected:
Introduced: 67-4-409(i)(4)(A), 67-4-409