Senate Bill 1435 amends Chapter 67 of the Private Acts of 1953, specifically adding a new subdivision to Article II, Section 1, which grants the City Council of Gallatin the authority to impose impact fees on developers within the city limits. These fees are intended to cover the costs associated with capital improvements and other expenses related to land development, including but not limited to street repairs, traffic signals, water services, stormwater management, emergency services, and administrative support for these activities.

The bill stipulates that it will only take effect if approved by a two-thirds (2/3) vote of the legislative body of the City of Gallatin. The presiding officer of the legislative body is responsible for proclaiming the approval or disapproval of the act and certifying it to the secretary of state. The act is designed to enhance the city's ability to manage the financial impacts of development on public infrastructure and services.