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 a previous provision related to the industrial development division. Additionally, the bill introduces a new subdivision in Section 4-29-252(a) that formally recognizes the industrial development division and building finance committee as established by Section 4-14-108.

The bill is designed 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 urgency of the changes for the public welfare.

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