Tennessee Senate Bill SB0773

Tennessee 2025-2026 Regular Session

• Introduced: 2/4/25
• Engrossed: 3/31/25
• Enrolled: 4/23/25
• Passed: 5/9/25
• Chaptered: 5/15/25

Caption

AN ACT to amend Tennessee Code Annotated, Title 13, Chapter 3; Title 13, Chapter 4 and Title 13, Chapter 7, relative to the vesting period for property development standards.

Impact

If enacted, SB 0773 would significantly influence how local governments manage development approvals, particularly concerning the rights and expectations of developers. By extending the vesting period, the bill aims to alleviate fears of retroactive losses due to prolonged appeal processes. This adjustment is anticipated to enhance investment opportunities in property developments across Tennessee by providing a clearer timeline for developers regarding the security of their approvals.

Summary

Senate Bill 0773 aims to amend specific sections of the Tennessee Code Annotated, particularly those related to property development standards. The bill proposes changes to the vesting periods for development plans and building permits, ensuring that these periods do not expire earlier than three years from the completion of the appeal period. This adjustment is designed to provide more stability and predictability for developers who are navigating the approval processes at the local level.

Sentiment

The sentiment surrounding SB 0773 appears generally supportive among developers and property stakeholders, who favor the extended vesting period as a means of reducing uncertainty and protecting their investments. However, concerns may arise from local governments regarding their regulatory authority and the implications of the state-level changes on local governance, posing a potential conflict between state directives and local control.

Contention

Notable points of contention could arise from local governance advocates who may view the amendment as an encroachment into their authority to regulate land use and development. This bill may be seen as prioritizing developer interests over local concerns, particularly those relating to community standards and environmental protections. The balance between easing development processes and maintaining local oversight could be a central issue in discussions around the bill.