Senate Bill 2218, also known as House Bill 2487, amends Tennessee Code Annotated regarding infrastructure funding. Specifically, it modifies Section 7-84-715(6) by deleting the existing subdivision and replacing it with new language that requires a statement detailing the infrastructure and associated costs that can be funded with special assessment revenues within a development district. This new provision mandates an itemization of the costs for infrastructure related to each utility service that will serve the district.

The bill is designed to enhance transparency and accountability in the funding of infrastructure projects by ensuring that detailed information is provided about the costs associated with utility services in development districts. The act will take effect immediately upon becoming law, emphasizing the urgency of its implementation for public welfare.

Statutes affected:
Introduced: 7-84-715(6), 7-84-715