Senate Bill 1578 amends Tennessee Code Annotated, Title 64, Chapter 9, to officially designate the water treatment facility utilized by the Megasite Authority of West Tennessee as the "Michael Banks Water Treatment Facility." This designation is made under Section 1(a), which specifies that the facility providing water and wastewater services to the authority will carry this name.

Additionally, Section 1(b) directs the Megasite Authority of West Tennessee to create and install appropriate signage or markers to reflect this new designation. The bill is set to take effect immediately upon becoming law, emphasizing the importance of the public welfare in its implementation.