Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
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PUBLIC CHAPTER NO. 379
SENATE BILL NO. 758
By Yager
Substituted for: House Bill No. 672
By Scarbrough
AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 53, Part 3, relative to industrial
development corporations.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 7-53-317(a)(2), is amended by deleting the
period(.) at the end of the subdivision and adding the following language:
; however, upon dissolution of the nonprofit entity, the acreage shall be transferred to a
501 (c)(3) nonprofit entity whose main purpose is to promote industrial development and new
nuclear development.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.
SENATE BILL NO. 758
PASSED: April 16, 2025
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'- RANDYIVlcNALL Y
SPEAKER OF THE SENATE
CAMERO~SLXTON,SPEAKER
HOUSE OF REPRESENTATIVES
lo~ APPROVED this day of rv'\,,.A1J 2025
Cu.
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