Regional Authorities and Special Districts - As enacted, authorizes an industrial development corporation created by a housing opportunity county or by a municipality within the boundaries of the housing opportunity county or jointly by any combination of such entities to construct and install public infrastructure for qualified residential developments or contract with a private party for the construction and installation of such public infrastructure, and to accept and make certain loans and grants relative to such purposes. - Amends TCA Title 5; Title 6; Title 7; Title 13 and Title 48.
This bill authorizes industrial development corporations in housing opportunity counties to build or contract for public infrastructure needed for qualified residential developments. It allows these entities to accept and make loans and grants to fund such projects. The law also updates how these corporations must publish information, requiring it to be available on their websites instead of just being provided directly. These changes apply to corporations created by housing opportunity counties, municipalities within those counties, or combinations of both.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 1, 2024
Last action May 13, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
20
Key actions
9
Committee
13
Apr 17, 2024
Lower · Passed
Rec. for pass by s/c ref. to Finance, Ways, and Means Committee
lower
Apr 17, 2024
Lower · Passed
Placed on cal. Finance, Ways, and Means Committee for 4/17/2024
lower
Apr 17, 2024
Lower · Passed
Rec. for pass; ref to Calendar & Rules Committee
lower
Apr 17, 2024
Lower · Passed
Placed on cal. Calendar & Rules Committee for 4/17/2024
lower
Apr 11, 2024
Lower · Passed
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/16/2024
lower
Apr 3, 2024
Committee
Assigned to s/c Finance, Ways, and Means Subcommittee
lower
Apr 3, 2024
Lower · Passed
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/10/2024
lower
Apr 2, 2024
Lower · Passed
Rec. for pass. if am., ref. to Finance, Ways, and Means Committee
lower
Mar 27, 2024
Committee
Rec for pass if am by s/c ref. to Local Government Committee
lower
Mar 27, 2024
Lower · Passed
Placed on cal. Local Government Committee for 4/2/2024
lower
Mar 20, 2024
Lower · Passed
Placed on s/c cal Property & Planning Subcommittee for 3/27/2024
lower
Mar 6, 2024
Committee
Ref. to Local Government Committee
lower
Mar 6, 2024
Committee
Assigned to s/c Property & Planning Subcommittee
lower
Feb 1, 2024
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bud Hulsey
RRepublican
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