Senate Bill 1394, sponsored by Watson, amends provisions in Tennessee Code Annotated regarding the growth of appropriations from state tax revenues in relation to the estimated growth of the state's economy. The bill specifically modifies Section 9-4-5203(a) by removing the reference to "calendar year 1977" and instead focuses on the fiscal year in progress and the latest completed calendar year. Additionally, Section 9-4-5203(b) is amended to eliminate the mention of "the 1977-1978 fiscal year appropriations," streamlining the language to only include the ensuing fiscal year and actual appropriations for the current fiscal year.

The changes aim to simplify the language and update the references to more relevant fiscal periods, ensuring that the appropriations process aligns with current economic conditions. The bill is set to take effect upon becoming law, emphasizing the importance of adapting legislative language to reflect contemporary fiscal realities.

Statutes affected:
Introduced: 9-4-5203(a), 9-4-5203, 9-4-5203(b)