Senate Bill 64 amends the Tennessee Code Annotated regarding the Department of Financial Institutions. Specifically, it deletes subdivision (17) from Section 4-29-246(a) and adds a new subdivision to Section 4-29-250(a) that formally recognizes the Department of Financial Institutions, as established by Sections 4-3-101 and 4-3-401.

The bill is designed to streamline the legal framework surrounding the Department of Financial Institutions by removing outdated provisions and clarifying its establishment within the state code. The act will take effect immediately upon becoming law, emphasizing the urgency of the changes for the public welfare.

Statutes affected:
Introduced: 4-29-246(a), 4-29-246, 4-29-250(a), 4-29-250