Tennessee House Bill HB0072

Tennessee 2023-2024 Regular Session

• Introduced: 1/9/23
• Refer: 1/12/23
• Refer: 2/7/23
• Refer: 2/15/23
• Chaptered: 3/23/23
• Passed: 3/23/23

Caption

AN ACT to amend Tennessee Code Annotated, Section 10-7-303 and Section 12-2-108, relative to the preservation of leases.

Impact

The impact of HB 0072 on state laws is significant in that it establishes a clearer framework for the preservation of lease records. By mandating that these records be maintained forever, the bill strengthens accountability and transparency in governmental dealings involving leases. The requirement for electronic storage also aligns with contemporary practices in record-keeping, thereby modernizing Tennessee's legal framework in this area.

Summary

House Bill 0072 aims to amend the Tennessee Code Annotated, specifically Sections 10-7-303 and 12-2-108, to enhance the preservation of leases. The bill stipulates that records of leases must be preserved indefinitely and introduces provisions for their maintenance on appropriate electronic or other storage media. This legislative change is designed to ensure that essential records are retained in a manner that reflects modern technological capabilities and compliance standards.

Sentiment

General sentiment around HB 0072 appears to be largely supportive, with lawmakers recognizing the importance of preserving lease records for future reference and legal clarity. The bill passed with unanimous support, indicating a cooperative legislative environment on this issue. This collaboration hints at a shared understanding among legislators of the bill's necessity for effective record management.

Contention

Notable points of contention are minimal, as the bill received overwhelming support during its voting history. However, discussions might arise concerning the practicality and cost implications of maintaining such electronic storage solutions for lease records. Ensuring that all leases are preserved indefinitely could raise challenges regarding resource allocation and management effectiveness for state agencies.