Bill Title: As introduced, prohibits counties from implementing or increasing sales and property taxes to offset revenue shortfalls or to meet expenditure requirements in excess of budgeted appropriation levels prior to using existing county surplus revenue for such purposes; repeals authority of counties to invest idle county funds; repeals local government investment pool. - Amends TCA Title 4, Chapter 51, Part 1; Title 5; Title 6, Chapter 56; Title 7; Title 7, Chapter 39, Part 3; Title 9; Title 12, Chapter 4, Part 2; Title 37, Chapter 5, Part 3; Title 49, Chapter 7, Part 7; Title 58, Chapter 7, Part 1; Title 66, Chapter 34, Part 1; Title 67, Chapter 6, Part 7 and Title 67, Chapter 5, Part 1.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-01-23 - P2C, ref. to S. S&L Govt. Comm. [SB1877 Detail]

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

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Frank Niceley [R]	Primary	Sponsored Bills	SD-008	FollowTheMoney	Ballotpedia	VoteSmart

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