Tennessee · 114th Regular Session (2025-2026) · Bill

SB 2480: Public Funds and Financing - As introduced, enacts the "Greenbelt Initiative Fund Transfer (GIFT) Act," which creates the rural revenue equity fund; authorizes the commissioner of economic and community development to distribute amounts from the fund to rural counties based on certain agricultural, demographic, and fiscal criteria, including greenbelt acreage. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9 and Title 67.

In committee Last action April 20, 2026: Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

Plain-language summary

SB 2480 is a bill introduced in the Tennessee Senate on February 2, 2026. According to its official title, it concerns: Public Funds and Financing - As introduced, enacts the "Greenbelt Initiative Fund Transfer (GIFT) Act," which creates the rural revenue equity fund; authorizes the commissioner of economic and community development to distribute amounts from the fund to rural counties based on certain agricultural, demographic, and fiscal criteria, including greenbelt acreage. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 9 and Title 67. Primary sponsor: Janice Bowling (Republican). Most recent recorded action (April 20, 2026): Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026.

Sponsors

Primary sponsor: Janice Bowling (Republican).