House Bill 1681 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 remains unaffected, and the requirement for host municipalities to hold public hearings upon the filing of an initiating petition for establishing an infrastructure development district. The bill also allows for joint public hearings when multiple municipalities are involved and specifies that the maximum term for bonds issued to fund infrastructure costs cannot exceed thirty years, with provisions for phased development projects.

Additionally, the bill introduces provisions for setting aside a portion of special assessments to cover administrative expenses incurred by the host municipality. It also modifies 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 process and clarify the governance of infrastructure development districts in Tennessee.

Statutes affected:
Introduced: 7-84-804, 7-84-811, 7-84-814, 7-84-815, 7-84-817, 7-84-827