Senate Bill 71 amends the Tennessee Code Annotated by making specific changes to the industrial development division and the building finance committee. It deletes subdivision (24) from Section 4-29-246(a), which may pertain to previous provisions or definitions related to the industrial development division. Additionally, it introduces a new subdivision in Section 4-29-252(a) that formally recognizes the industrial development division and the building finance committee as established by Section 4-14-108.

The bill aims to streamline and clarify the legal framework surrounding the industrial development division and its associated committees. It is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.

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