House Bill 1410, sponsored by Zachary, seeks to amend the existing legal framework governing the Tennessee Technology Corridor Development Authority by repealing Chapter 148 of the Private Acts of 1983, along with its subsequent amendments from 1984 and 2011. This repeal indicates a significant shift in the governance or operational structure of the Authority, although specific details on the new provisions or structure are not provided in the bill text.

The bill stipulates that it will only take effect if approved by a two-thirds (2/3) vote of the legislative body of Knox County. The presiding officer of the legislative body is responsible for proclaiming the approval or disapproval of the bill and certifying it to the secretary of state. While the bill will become effective immediately for the purpose of approval or rejection, it will only be fully effective for other purposes once the necessary legislative approval is obtained.