Tennessee House Bill HB2772

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 4; Title 6; Title 7; Title 8; Title 9; Title 49; Title 50; Title 62; Title 63; Title 67 and Title 68, relative to the department of economic and community development.

Impact

The amendments brought by HB2772 are poised to create a more consistent approach to economic development across local jurisdictions in Tennessee. By establishing a clearer deadline for reporting, the bill aims to improve accountability and ensure that necessary data is provided in a timely manner. Furthermore, the changes may facilitate better allocation of resources by local governments, potentially leading to more effective community development strategies that align with state-level objectives.

Summary

House Bill 2772 proposes amendments to multiple titles within the Tennessee Code Annotated, specifically relating to the Department of Economic and Community Development. The bill aims to streamline processes and updates within several legal frameworks governing local economic initiatives and community development policies. One significant change includes modifying the deadline for submissions related to certain economic development reports, shifting from an indefinite annual timeframe to a fixed date of February 1 each year. This change is intended to enhance the predictability and efficiency of the reporting process for stakeholders involved in economic development.

Contention

While the direct discussions around HB2772 in the transcripts do not highlight significant points of contention, there may be underlying concerns regarding the implications of standardized deadlines and reporting requirements on local governance. Some local officials might argue that such measures, while aiming for efficiency, could diminish local flexibility in responding to community-specific economic challenges and diminish individual community input in the development processes.