Bill Title: As enacted, authorizes the legislative body of a municipality to enter into an agreement with a private entity under which the entity agrees to pay all or a portion of the costs of a public facility being constructed by the municipality, if the municipality reasonably anticipates that private investment of at least $25 million will be made on property adjacent to the public facility; revises other various provisions related to special assessments and improvement bonds. - Amends TCA Title 7, Chapter 32 and Title 7, Chapter 33.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2009-07-01 - Pub. Ch. 489 [SB1706 Detail]

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

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