Senate Bill 2473, also known as House Bill 2507, amends Tennessee Code Annotated regarding the responsibilities of airport authorities. Specifically, it modifies the timeline for the submission of the annual operating budget by the president of the authority. The bill deletes the requirement for the budget to be submitted at least sixty (60) days prior to the beginning of the fiscal year and replaces it with a new requirement that the budget must be submitted at least seventy-five (75) days in advance.

This change aims to provide the board with additional time to review and approve the budget before the fiscal year begins. The act 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