Public Chapter 228

SENATE BILL NO. 1884

By McNally

Substituted for: House Bill No. 1906

By Caldwell, Cross, Ford, Phelan

AN ACT To amend Tennessee Code Annotated, Section 49-3-1005, relative to funding of certain bonds issued for school purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 49-3-1005(c), is amended by deleting the period at the end of the subsection and adding the following:

or, except in counties with a population of eight hundred thousand (800,000) or more, according to the 1990 federal census or any subsequent federal census, a portion of the non-classroom component of the basic education program funding generated for capital outlay purposes.

SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.