Regional Authorities and Special Districts - As enacted, adds the MidSouth development district to the list of development districts to which this state intends to assist financially; specifies an overall state funding level for the nine development districts; changes the calculation for how much funding each development district will receive. - Amends TCA Title 13, Chapter 14, Part 1.

HB 35 adds the MidSouth development district to Tennessee's list of nine state-funded development districts. It sets a fixed $0.50 per capita state funding level (based on population data) for all districts, replacing prior calculation methods. Funding is structured in tiers: $295,000 for districts with 1-20 cents per capita assessments, $340,000 for 21-30 cents, and $370,000 for over 31 cents. This directly affects the nine development district boards and the Department of Economic and Community Development, which administers the funds.