House Bill 375 mandates that any department, agency, or official of a county, municipal, or metropolitan government in Tennessee that assesses and collects fees exceeding $500 must maintain documentation justifying the fee and outlining its cost basis. This documentation is classified as a public record, making it available for public inspection upon request. Additionally, it will be subject to an annual audit by the comptroller of the treasury, who may incorporate this audit into any other financial audits conducted for the respective government entity.

The bill aims to enhance transparency and accountability in local government fee assessments by ensuring that justifications for significant fees are documented and accessible to the public. The provisions will take effect on July 1, 2025, emphasizing the importance of public welfare in the legislative intent.