Bill Title: As enacted, specifies that in Shelby County a lease of property owned by an airport authority that exceeds 30 years is not subject to local approval; specifies that a lessee under a lease negotiated with an airport authority will not be subject to having the property assessed as if the lessee were the owner; revises other related provisions. - Amends TCA Section 67-5-203.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2015-05-26 - Pub. Ch. 455 [SB0741 Detail]

Text: Latest bill text (Draft #1) [PDF]

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