Senate Bill 1508 aims to amend the Tennessee Code Annotated concerning the collateral pool board. Specifically, it deletes subdivision (13) from Section 4-29-247(a) and introduces a new subdivision in Section 4-29-252(a) that identifies the collateral pool board as created by Section 9-4-506.

The bill is set to take effect immediately upon becoming law, emphasizing the necessity for the changes to support public welfare.

Statutes affected:
Introduced: 4-29-247(a), 4-29-247, 4-29-252(a), 4-29-252