SB 1128 - HB 1295
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
March 4, 2025
Fiscal Analyst: Arielle Woodmore | Email: arielle.woodmore@capitol.tn.gov | Phone: 615-741-2564
SB 1128 - HB 1295
SUMMARY OF BILL: Creates an offense if a person interferes with the receipt by an
individual or entity of a loan, grant, or financial assistance that the individual or entity is lawfully
entitled to receive from the federal, state, or local government, with intent to deprive the individual
or entity of the loan, grant, or financial assistance. Establishes that a violation is punishable as theft.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The proposed legislation creates an offense if a person interferes with the receipt by an
individual or entity of a loan, grant, or financial assistance that the individual or entity is
lawfully entitled to receive from the federal, state, or local government, with intent to
deprive the individual or entity of the loan, grant, or financial assistance. A violation is
punished as theft.
• Pursuant to Tenn. Code Ann. § 39-14-105(a), theft of property is a:
o Class A felony if the value of the property obtained is more than $250,000;
o Class B felony if the value of the property obtained is more than $60,000 but less
than $250,000;
o Class C felony if the value of the property obtained is more than $10,000 but less
than $60,000;
o Class D felony if the value of the property obtained is more than $2,500 but less
than $10,000; and
o Class E felony if the property obtained is a firearm worth less than $2,500, or if the
value of the property obtained is more than $1,000 but less than $2,500.
• According to USASpending.gov, state and local governments in the state of Tennessee
received nearly $15 billion in block grants, formula grants, and project grants from the
federal government in each of the last five years.
• This analysis assumes that a person who commits this offense will be charged with the
Class A felony offense due to the value of the property.
• The proposed legislation will result in one admission every three years for the Class A
felony offense.
• The average time served for the Class A felony offense of theft is 3.25 years.
• Pursuant to Tenn. Code Ann. § 9-4-210, this analysis estimates the highest cost for
admissions in the next three years; therefore, any additional time added by the proposed
legislation resulting in sentences exceeding three years in length surpass the window of this
analysis and will not significantly impact incarceration costs.
SB 1128 - HB 1295 2
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director