Senate Bill 1578, also known as House Bill 1535, amends Tennessee Code Annotated, Title 64, Chapter 9, to officially designate the water treatment facility serving the Megasite Authority of West Tennessee as the "Michael Banks Water Treatment Facility." This designation is made under Section 1(a) of the bill, which specifies that the facility providing water and wastewater services to the authority will carry this name.

Additionally, Section 1(b) mandates that the Megasite Authority of West Tennessee, utilizing existing resources, must erect appropriate signs or markers to indicate the facility's new name. The bill is set to take effect immediately upon becoming law, emphasizing the importance of this designation for public welfare.