Cheatham County - Subject to local approval, requires the existing impact fee of $7,500 in Cheatham County, known as the Cheatham County Development Tax, to be allocated as follows: $3,500 to the county Education Debt Service Fund; $3,500 to the county Education Debt Service Fund reserved for school building construction and renovation; and $500 to the Highway and Public Works Fund. - Amends Chapter 28 of the Private Acts of 1997.

SB 2696 amends an existing 1997 law to change how Cheatham County's $7,500 development impact fee (known as the Cheatham County Development Tax) is allocated. The bill requires 46.67% of the fee ($3,500) to fund the general education debt service, another 46.67% ($3,500) to a dedicated fund for school building construction and renovation, and 6.66% ($500) for highway and public works projects. This reallocation applies only to new developments subject to the fee and requires approval by a two-thirds vote of Cheatham County's legislative body. The bill does not create new taxes but modifies the distribution of an existing fee.