HB3840 - Tennessee - Metropolitan Government

Companion Bill SB3635. Metropolitan Government - Provides for the establishment of an economic impact plan in Davidson County. - Amends TCA Title 7, Chapter 53. Fiscal Summary for HB3840 / *SB3635MINIMAL Bill Summary for HB3840 / *SB3635 Present law authorizes an industrial development corporation to prepare and submit to the municipality for approval an economic impact plan. This bill rewrites this provision to instead authorize an industrial corporation applicant to propose the establishment of an economic impact plan. Under this bill, the applicant must first prepare and submit to the mayor of a municipality for approval the economic impact statement. The mayor would forward an approved economic impact plan to the corporation for approval. Upon its approval of the plan, the corporation would submit the plan to the governing body of the municipality.[...]

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