HB 847 – SB 1375 FISCAL NOTE Fiscal Review Committee Tennessee General Assembly March 26, 2025 Fiscal Analyst: Justin Billingsley | Email: justin.billingsley@capitol.tn.gov | Phone: 615-741-2564 HB 847 – SB 1375 SUMMARY OF BILL: Establishes that the Executive Director of the Board of a Water and Wastewater Treatment Authority must annually prepare and submit the operating budget of the Authority to the Board for approval at least 45 days prior to the beginning of the fiscal year, rather than 60 days prior to the beginning of the fiscal year. FISCAL IMPACT: NOT SIGNIFICANT Assumptions: • This legislation will effectively provide the Executive Director of the Board of a Water and Wastewater Treatment Authority an additional 15 days to submit the respective authority’s operating budget for the subsequent fiscal year to the board. • There will be no significant fiscal impact on state or local government. CERTIFICATION: The information contained herein is true and correct to the best of my knowledge. Bojan Savic, Executive Director