Senate Bill 848 and House Bill 935 propose an amendment to the Tennessee Code Annotated, specifically within Title 5, Chapter 1. The bill introduces a new provision that allows county legislative bodies to mandate a competitive bidding process for insurance brokerage services, provided that the county has adopted the County Purchasing Law of 1957. This addition aims to enhance transparency and accountability in the procurement of insurance services by counties.
The bill emphasizes that this requirement for a competitive bid process is applicable notwithstanding any other laws that may suggest otherwise. The legislation is set to take effect immediately upon becoming law, reflecting the urgency of improving county governance and procurement practices.