SB1956 — Industrial Development - As enacted, creates an exception to the prohibition on an industrial development corporation purchasing a hotel, motel, or apartment building, if the project is a tourism attraction involving an aggregate investment of public and private funds in excess of $75 million. - Amends TCA Title 7, Chapter 53.

SB1956 — Industrial Development - As enacted, creates an exception to the prohibition on an industrial development corporation purchasing a hotel, motel, or apartment building, if the project is a tourism attraction involving an aggregate investment of public and private funds in excess of $75 million. - Amends TCA Title 7, Chapter 53. · Informed CitizenrySB1956 amends Tennessee Code Annotated Title 7, Chapter 53, to create an exception to the prohibition on an industrial development corporation purchasing a hotel, motel, or apartment building. This…Open in Informed Citizenry