Algood - Subject to local approval, authorizes the city to lease real, mixed, and personal property inside or outside of the city. - Amends Chapter 78 of the Private Acts of 2014.

This Tennessee bill amends the city charter for Algood to allow the city to lease real, mixed, and personal property located inside or outside its boundaries. The legislation grants the city the legal authority to acquire, dispose of, and hold property in trust for the benefit of the municipality. However, these new powers will only take effect if the City of Algood's legislative body votes to approve the changes with a two-thirds majority. Until that local approval is obtained and certified, the bill has no immediate impact on the city's operations.