Senate Bill 2730 and House Bill 2667 aim to create the "Southern Cumberland Plateau Regional Water and Wastewater Authority," a governmental entity tasked with managing water and wastewater systems in the region. The Authority will function as a public corporation governed by a Board of Commissioners, which will include representatives from Grundy County, the Towns of Monteagle and Tracy City, and local utility districts. The bill outlines the structure, powers, and responsibilities of the Authority, including the appointment process for Board members, their terms of service, and operational procedures. The Authority will have the ability to issue bonds and notes for financing projects, ensuring effective management and improvement of water and wastewater systems.

Additionally, the bill grants the Authority various powers, such as the ability to sue and be sued, adopt bylaws, and manage its financial obligations through the issuance of bonds. It allows for the collection of sewer charges and the ability to discontinue water service for non-payment. The bill also specifies that municipalities can advance funds to the Authority and mandates that funds available for systems be paid to it. The composition of the Board can be adjusted based on the addition or dissolution of utility districts, ensuring an odd number of members. The act emphasizes efficient management of water resources and wastewater services while ensuring compliance with existing laws, and it will take effect upon a two-thirds vote of the legislative body of Grundy County.