[Effective until 7/1/2025, see subsection (d)]
(a) An entity that contracts with the authority for a real estate interest in the megasite shall report, or cause its contractor or contractors to report, for the immediately preceding quarter, the following information to the state building commission, the speaker of the senate, and the speaker of the house of representatives within fourteen (14) days of January 31, April 30, July 31, and October 31 regarding construction activity for material improvement to the project:
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Terms Used In Tennessee Code 64-9-114
- Authority: means the Megasite Authority of West Tennessee. See Tennessee Code 64-9-103
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(1) The name of each entity engaged in construction activity at the project;
(2) Whether the entity is a member of or associated with a union or labor association; and
(3) The number of persons employed by the entity, with respect to construction activity at the project, who are residents of this state.
(b) The reporting required by subsection (a) only applies to contracts for construction activity:
(1) Involving persons working on site at the project; and
(2) In excess of one hundred thousand dollars ($100,000).
(c) The reporting required by subsection (a) does not apply to a third-party lessee or an entity that only supplies materials or supplies to the project.
(d) This section is repealed July 1, 2025.