House Bill 1648 and Senate Bill 1654 propose amendments to various sections of the Tennessee Code Annotated, specifically focusing on enhancing funding oversight. The key change introduced in this bill is the addition of a requirement for a summary report to be made publicly available. This report must be published on the website of the comptroller of the treasury, ensuring transparency and accessibility of financial information to the public.
The bill is set to take effect immediately upon becoming law, emphasizing the importance of public welfare in its implementation. This legislative change aims to improve accountability in financial reporting and oversight within the state of Tennessee.
Statutes affected: Introduced: 8-4-110(a), 8-4-110