Tennessee Senate Bill SB2916

Tennessee 2023-2024 Regular Session

• Introduced: 2/1/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 42, Chapter 3 and Title 42, Chapter 4, relative to airport authority boards.

Impact

The proposed change is expected to significantly impact the operational procedures of airport authorities in Tennessee. By extending the timeframe for budget approvals, the bill intends to provide board members with additional time to assess fiscal plans and make informed decisions. This could lead to more robust fiscal management and oversight, ensuring that the airport authorities can effectively plan their financial strategies while also promoting accountability and transparency in their budgeting processes.

Summary

Senate Bill 2916 is a legislative proposal aimed at amending provisions within Tennessee Code Annotated, specifically targeting the governance of airport authority boards. The central theme of this bill revolves around the timing for budget submissions by the airport authority president to the board. Under the new provision, the deadline for presenting the operating budget will be adjusted from a minimum of 60 days prior to the fiscal year to a new threshold of 75 days, thereby allowing more time for review and approval.

Contention

While the bill appears straightforward, the implications of extending the budget submission time may raise questions about the operational efficiency of airport boards. Critics might argue that lengthening the approval process could delay necessary funding for airport operations and projects. Conversely, proponents will likely emphasize the importance of thorough financial review and suggest that a meticulous approach may yield better financial outcomes and avoid hasty budget decisions that can lead to fiscal mismanagement.