Bill Title: As enacted, provides that liability for legal and financial obligations pertaining to real property subject to a lease and payment in lieu of tax (PILOT) agreement remains with the person who transferred title to the municipality or corporation; provides immunity for the municipality or corporation. - Amends TCA Title 7, Chapter 53, Part 3 and Title 48, Chapter 101, Part 3.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2011-05-10 - Comp. became Pub. Ch. 162 [HB1020 Detail]

Text: Latest bill text (Draft #2) [PDF]

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