House Bill 1999, also known as the "No Corporate Land Giveaways Act," amends Tennessee law regarding the transfer of public property to private entities. The bill mandates that the commissioner of general services and the chair of the state capitol commission must provide written notice at least thirty days prior to any transfer of ownership, exclusive leasehold interest, or exclusive control of state-owned real property to a private entity for private projects or development without the state receiving consideration. This notice must be sent to the chairs of the joint government operations committee of both the Senate and House of Representatives, as well as to each member of the General Assembly representing the county where the property is located.

Furthermore, the bill stipulates that such transfers cannot occur unless they receive approval from the joint government operations committee within thirty days of the notice. If the committee does not take action within that timeframe, the transfer is automatically deemed disapproved. This legislation aims to enhance transparency and oversight regarding the disposition of public property in Tennessee.