Senate Bill 1435, also known as House Bill 1413, seeks to amend Chapter 67 of the Private Acts of 1953, specifically by adding a new subdivision to Article II, Section 1. This new provision grants the City Council of Gallatin the authority to impose impact fees on individuals or entities developing land within the city limits. These fees are intended to cover the costs associated with capital improvements and other expenses related to 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. While the act will become effective upon its passage for the purpose of approval, it will be implemented for all other purposes as outlined in the second section of the bill.