Planning, Public - As introduced, requires an establishment resolution adopted by the governing body of a municipality to form an infrastructure development district to include an itemization of the funded costs for infrastructure related to each utility service that will serve the development district. - Amends TCA Title 5; Title 6; Title 7; Title 13; Title 65 and Title 66.

Summary

The bill amends Tennessee law so that when a city or town creates an infrastructure development district, the governing body must include a detailed statement of the infrastructure projects and the costs funded by special assessments, broken out by each utility service. This applies to municipalities and the developers or utility providers that serve the district. The goal is to increase transparency about how assessment revenues will be used for roads, water, sewer, electricity, and other utilities.

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

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