Tennessee 2023-2024 Regular Session

Tennessee Senate Bill SB0049

Introduced
12/29/22  
Engrossed
2/23/23  
Enrolled
3/14/23  
Passed
3/31/23  

Caption

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the Megasite Authority of West Tennessee.

Impact

The enactment of SB0049 has the potential to enhance the state's economic development framework. By clearly outlining the authority of the Megasite Authority, the bill aims to foster a more streamlined process for implementing projects that can attract large-scale employers. The modifications to Titles 4 and 64 of the Tennessee Code are intended to bolster the state's competitive edge in attracting industry, thereby aiding job creation and economic revitalization in West Tennessee. This change in the law could lead to increased investments in infrastructure and services surrounding these megasites.

Summary

Senate Bill 0049 is an act aimed at amending Tennessee Code Annotated concerning the Megasite Authority of West Tennessee. The primary focus of the bill is to define the structure and responsibilities of the Megasite Authority, which is pivotal for facilitating economic growth through the development of large industrial sites capable of attracting businesses. This bill represents a significant step in expanding the authority's influence and operational scope, allowing for more flexibility in promoting business activities in the region.

Sentiment

The sentiment around SB0049 appears to be largely positive, with significant support from legislators and stakeholders who view the bill as essential for promoting regional economic growth. Proponents argue that this measure marks a proactive approach to addressing the needs of businesses looking for prime locations, thus enhancing Tennessee's standing in national economic discussions. However, some critics have expressed concerns regarding potential over-speculation or misalignment with community interests, although these viewpoints seem less pronounced in the current discourse around the bill.

Contention

Notable points of contention regarding SB0049 may include discussions about governance and oversight of the Megasite Authority. While proponents see the amendments as a pathway for growth, opponents might raise concerns about the implications of granting broader powers to the authority without sufficient checks. Moreover, as the authority gains more control over site development, community voices may worry about the potential for decisions that prioritize industrial development over local needs and environmental considerations. Keeping a balance between economic incentives and community welfare will be crucial as the bill moves forward.

Companion Bills

TN HB0215

Crossfiled AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the Megasite Authority of West Tennessee.

Previously Filed As

TN HB0215

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the Megasite Authority of West Tennessee.

TN SB0078

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the megasite authority of West Tennessee.

TN HB0256

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the megasite authority of West Tennessee.

TN SB0561

AN ACT to amend Tennessee Code Annotated, Title 29, Chapter 20; Section 38-8-133 and Title 64, Chapter 9, relative to megasites.

TN HB1517

AN ACT to amend Tennessee Code Annotated, Title 29, Chapter 20; Section 38-8-133 and Title 64, Chapter 9, relative to megasites.

TN SB0064

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 49, Chapter 13, relative to the Tennessee public charter school commission.

TN HB0230

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 49, Chapter 13, relative to the Tennessee public charter school commission.

TN HB1290

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3 and Title 64, relative to the establishment of an arts, entertainment, and media megasite.

TN SB1179

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3 and Title 64, relative to the establishment of an arts, entertainment, and media megasite.

TN HB1777

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 5, relative to the Tennessee central economic authority.

Similar Bills

No similar bills found.