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. 894
SENATE BILL NO. 1823
By Lowe, Bailey, Bowling, Rose
Substituted for: House Bill No. 1696
By McCalmon, Bricken, Lafferty, Doggett, Howell
AN ACT to amend Tennessee Code Annotated, Title 12, Chapter 4, relative to public contracts.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 12-4-703, is amended by deleting the
language "forty-five (45) days" and substituting "thirty (30) days".
SECTION 2. Tennessee Code Annotated, Section 12-4-704, is amended by adding the
following as a new subsection:
(c)(1) Not later than September 15, 2027, and each September 15 thereafter, each
agency that makes payments to a business under a contract pursuant to § 12-4-703
shall report for the immediately preceding fiscal year:
(A) The number of late payments made and that remain outstanding
and the aggregate amount of such payments; and
(B) The amount of interest paid on such late payments and that
remains unpaid on outstanding late payments.
(2) The report submitted pursuant to subdivision (c)(1) must be submitted to
the chair of the state and local government committee of the senate and to the chair
of the committee of the house of representatives with jurisdiction over public
contracts.
SECTION 3. This act takes effect July 1, 2026, the public welfare requiring it.
SENATE BILL NO. 1823
PASSED: April 16, 2026
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RANDY McNA\-LY
SPEAKER OF THE SENA TE
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CAMERONSEXTON,SPEAKER
HOUSE OF REPRESENTATIVES
s~ APPROVED this day of ~ 2026
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BILL LEE, GOVERNOREvery fact on this page links to its source, starting with the official bill record.