Utilities, Utility Districts - As enacted, authorizes a political subdivision to enter into a cost-sharing agreement with a developer for the development of certain public infrastructure. - Amends TCA Title 5; Title 6; Title 7; Title 13; Title 65 and Title 68.

Summary

The bill permits a political subdivision (county, municipality or metropolitan government) to require a developer to build or pay for off‑site public infrastructure needed for a private development, using a cost‑sharing formula based on the project's impact. If the parties cannot agree on the share, the developer can ask the Tennessee Board of Utility Regulation to decide the amount. The local government can fund its portion with impact fees, bonds or tax revenues.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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