Senate Bill 2473 amends Tennessee Code Annotated, specifically Section 42-4-106(d)(1), regarding the responsibilities of the president of airport authorities. The bill modifies the timeline for budget submission by changing the requirement from submitting the annual operating budget to the board at least sixty (60) days prior to the beginning of the fiscal year to a new requirement of seventy-five (75) days.

This change aims to provide the board with additional time to review and approve the budget before the fiscal year starts. The bill is set to take effect on July 1, 2026, ensuring that the new timeline is implemented in a timely manner for future budget preparations.

Statutes affected:
Introduced: 42-4-106(d)(1), 42-4-106