Senate Bill 1648 amends various sections of the Tennessee Code Annotated related to infrastructure development districts. Key changes include the clarification that the operation of existing chapters and parts related to central business improvement or infrastructure development districts remains unaffected. The bill also modifies the process for public hearings required for the establishment of these districts, allowing for joint hearings when multiple municipalities are involved, and stipulating that each governing body must order a public hearing upon receiving an initiating petition.

Additionally, the bill sets a maximum term of thirty years for bonds issued to fund infrastructure projects, with specific provisions for projects that are developed in multiple phases. It also changes the dissolution timeline for districts, stating that they must be dissolved no later than thirty years from the date the last assessment is levied, rather than from the date of establishment. These amendments aim to streamline the governance and financial management of infrastructure development districts in Tennessee.

Statutes affected:
Introduced: 7-84-804, 7-84-811, 7-84-814, 7-84-815, 7-84-827