SB3781 - Tennessee: Museums

Museums - Authorizes the commissioner of finance and administration to negotiate with National Civil Rights Museum to develop terms of the state assuming control of the museum; requires commissioner to report status of negotiations to the 106th General Assembly by February 1, 2009. - Fiscal Summary for *SB3781 / HB4190Increase State Expenditures - Not Significant Other Fiscal Impact - If the state was to assume responsibility for operations and maintenance of the National Civil Rights Museum, operating revenues are estimated to be $3,140,600 per year, and operating expenses are estimated to be $4,314,500 per year. As a result, the net operating loss is estimated to be approximately $1,173,900 per year. Additional state expenditures of unknown amounts for capital improvements and renovations to the Lorraine Motel/National Civil Rights Museum. Plans for such improvements and renovations are currently being conducted by the Lorraine Motel Civil Rights Museum Foundation.[...]

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