House Bill 1408 and Senate Bill 1429 propose amendments to various titles within the Tennessee Code Annotated to facilitate the implementation of the annual appropriations act. A key change in the bill is the modification of Tennessee Code Annotated, Section 71-5-1305, where the term "monthly" is deleted and replaced with "monthly or quarterly." This adjustment allows for greater flexibility in the timing of certain financial reporting or disbursement processes.

The bill is designed to streamline statutory requirements and ensure that the state's financial operations align with the appropriations act. It is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for the public welfare.

Statutes affected:
Introduced: 71-5-1305