AN ACT to amend Tennessee Code Annotated, Title 4; Title 9 and Title 67, relative to economic and community development.
If enacted, SB1351 could significantly reshape the landscape of economic and community development in Tennessee by removing barriers defined in the code. The impact of these changes may facilitate easier access to resources for community projects and economic initiatives, thereby fostering a more conducive environment for local governments and agencies to pursue development activities. This could usher in new opportunities for collaboration within communities, enhancing regional economic stability and growth.
Senate Bill 1351 aims to amend various sections of the Tennessee Code Annotated, specifically Titles 4, 9, and 67, focusing on provisions related to economic and community development. The bill proposes the deletion of an existing section, signaling a potential shift in regulatory focus or framework within these areas. As economic and community development is a broad and critical domain, this amendment may streamline processes or remove outdated regulations that could hinder growth initiatives.
While the specific points of contention surrounding SB1351 are not explicitly outlined in the available texts, any amendment to state law regarding economic development typically encounters scrutiny. Stakeholders might express concerns regarding the implications of removing certain provisions, particularly if they believe those regulations were instrumental in safeguarding local interests or ensuring equitable growth. There's often a balance to be struck between promoting economic advantages and maintaining necessary regulations that protect community welfare.