Public Funds and Financing - As introduced, enacts the "Greenbelt Initiative Fund Transfer (GIFT) Act," which creates the rural revenue equity fund; authorizes the commissioner of economic and community development to distribute amounts from the fund to rural counties based on certain agricultural, demographic, and fiscal criteria, including greenbelt acreage. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9 and Title 67.

Summary

The bill establishes a special fund within the state general fund that receives a recurring $210 million appropriation. The commissioner of economic and community development will allocate money to rural counties using a weighted score that considers greenbelt acreage, agricultural sales, livestock, population and tax factors. Funds can be used only for capital projects, infrastructure, law‑enforcement, fire/EMS services, or property‑tax stabilization.

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

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