House Bill 2667, also known as Senate Bill 2730, establishes the "Southern Cumberland Plateau Regional Water and Wastewater Authority" as a governmental entity responsible for managing water and wastewater systems in the region. The Authority will operate as a public corporation governed by a Board of Commissioners, which will consist of five members representing various local entities, including Grundy County and the Towns of Monteagle and Tracy City. The Board will have the authority to make operational decisions, delegate powers, and hold public meetings, while Commissioners will serve without compensation but may receive a per diem for attending meetings.

The bill outlines the Authority's powers, including the ability to sue, adopt bylaws, manage financial obligations, and set service rates. It grants the Authority the power of eminent domain for property necessary for its functions and details the procedures for refinancing bonds. Additionally, municipalities are authorized to provide financial support to the Authority, and the bill allows for the collection of sewer charges and the management of contracts for sewer services. The composition of the Board can be adjusted based on the number of utility districts, ensuring an odd number of members. The legislation aims to enhance water resource management and wastewater services in the Southern Cumberland Plateau region and will take effect upon a two-thirds vote of the legislative body of Grundy County.