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Commerce panel advances bill letting Mega Site Authority retain interest income for wastewater budget
Summary
The House Commerce Committee voted to send House Bill 1309 to the Finance Committee after attaching an amendment that sunsets the change; the bill would let the Mega Site Authority of West Tennessee retain interest income to avoid operating a wastewater system at a deficit.
House Bill 1309, sponsored in Commerce by Dr. Martin, was amended and approved by the House Commerce Committee on Tuesday and sent to the Finance Committee.
The bill would allow the Mega Site Authority of West Tennessee to retain interest income accrued in its wastewater fund “to make sure they stay at balanced budget,” the sponsor said during his opening remarks. An amendment identified in committee as…
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