Tennessee 2025-2026 Regular Session

Tennessee Senate Bill SB1355 Compare Versions

Only one version of the bill is available at this time.

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2	2	<BillNo> <Sponsor>
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4	4	SENATE BILL 1355
5	5	By Akbari
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7	7
8	8	SB1355
9	9	003054
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12	12	AN ACT to amend Tennessee Code Annotated, Title 4;
13	13	Title 9; Title 67, Chapter 4 and Title 71, relative to
14	14	financial assistance.
15	15
16	16	BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
17	17	SECTION 1. Tennessee Code Annotated, Title 71, Chapter 5, is amended by adding
18	18	the following as a new part:
19	19	71-5-2701. Short title.
20	20	This part is known and may be cited as the "Guaranteed Basic Income Act" or
21	21	the "Protection Against Automation Act."
22	22	71-5-2702. Part definitions.
23	23	As used in this part, "eligible resident" means an individual who:
24	24	(1) Is at least eighteen (18) years of age;
25	25	(2) Possesses a valid Tennessee driver license or photo identification
26	26	license;
27	27	(3) Is a full-time resident of this state; and
28	28	(4) Was a full-time resident of this state in the immediately preceding
29	29	year.
30	30	71-5-2703. Guaranteed basic income grants.
31	31	(a) The department of human services shall develop and implement a program
32	32	in which eligible residents are awarded an annual guaranteed basic income grant
33	33	beginning in 2026. The department shall establish and publish guidelines for
34	34	applications, including eligibility and the award of grants.
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39	39	(b) The department of human services shall distribute guaranteed basic income
40	40	grants in the amount of three thousand dollars ($3,000) per year, which may be paid as
41	41	a monthly or semi-monthly stipend, to each eligible resident who submits a completed
42	42	application and any supporting documents required by the department. An eligible
43	43	resident must reapply to receive a grant in a subsequent year.
44	44	71-5-2704. Forms and rules.
45	45	The department shall promulgate forms and rules necessary to effectuate this
46	46	part. Rules must be promulgated in accordance with the Uniform Administrative
47	47	Procedures Act, compiled in title 4, chapter 5, and the department shall make forms
48	48	available on the department's website.
49	49	71-5-2705. Guaranteed basic income fund.
50	50	(a) The guaranteed basic income program established pursuant to this part is
51	51	funded through the guaranteed basic income fund established as a separate account in
52	52	the general fund.
53	53	(b) The fund is composed of moneys appropriated by the general assembly for
54	54	the fund, and gifts, grants, and other donations received by the department for the fund.
55	55	Pursuant to action by the general assembly, the fund may receive deposits allocated
56	56	from taxes levied under title 67, chapter 4.
57	57	(c) The state treasurer shall invest moneys in the fund for the benefit of the fund
58	58	in accordance with § 9-4-603. Interest accruing on investments and deposits of the fund
59	59	must be credited to and remain part of the fund. Any unencumbered moneys and any
60	60	unexpended balance of the fund remaining at the end of a fiscal year do not revert to the
61	61	general fund, but must be carried forward until expended in accordance with this part.
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66	66	SECTION 2. The headings in this act are for reference purposes only and do not
67	67	constitute a part of the law enacted by this act. However, the code commission is requested to
68	68	include the headings in any compilation or publication containing this act.
69	69	SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.