House Bill 2507 amends the Tennessee Code Annotated to reform the governance and budgetary processes of airport authorities. A key change is the extension of the budget submission timeline from sixty (60) days to seventy-five (75) days before the start of the fiscal year. The bill vacates and reconstitutes the board of commissioners for each existing airport authority, establishing a new structure of nine commissioners appointed by state legislative leaders and the governor, with specific residency requirements. It also emphasizes the need for diverse representation and expertise among board members, who must not have any financial interest in the airport or its concessions.

Additionally, the bill modifies the governing body of regional airport authorities by expanding the board to twelve members, maintaining similar appointment criteria and qualifications. It requires these authorities to submit quarterly reports on their activities and financial conditions to state officials. The act ensures that existing employee benefits remain unaffected and includes provisions for severability. The new appointment process will take effect immediately upon becoming law, while the full reconstitution of boards is set for July 1, 2026.

Statutes affected:
Introduced: 42-4-106(d)(1), 42-4-106
Amended with SA0854 -- 04/13/2026: 42-4-106(d)(1), 42-4-106, 42-4-105, 42-3-104, 42-3-104(a), 42-3-108(b), 42-3-108
Amended with SA0854, HA0835 -- 04/20/2026: 42-4-106(d)(1), 42-4-106, 42-4-105, 42-3-104, 42-3-104(a), 42-3-108(b), 42-3-108