Senate Bill 2147 and House Bill 2486 propose amendments to various sections of the Tennessee Code Annotated concerning development authorities. A key change includes the addition of a provision in Section 64-1-606, which allows for the annual report required by this section to be submitted electronically.

The bill emphasizes modernizing the reporting process for development authorities, facilitating easier and more efficient communication. The act is set to take effect immediately upon becoming law, reflecting the urgency of enhancing operational procedures within these authorities for the public welfare.

Statutes affected:
Introduced: 64-1-606