Senate Bill 75 amends Tennessee law regarding the Interstate Earthquake Compact of 1988 by deleting subdivision (28) from Tennessee Code Annotated, Section 4-29-246(a). Additionally, it introduces a new section, 4-29-254, which establishes that the Interstate Earthquake Compact of 1988 and any governmental entities created during the calendar year 2031 will terminate on June 30, 2033.

The bill also allows for the possibility of any terminated governmental entity to be continued, reestablished, or restructured in accordance with the relevant chapter of the law. This act is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare.

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