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Tennessee HB378

Economic and Community Development - As enacted, requires the department of economic and community development to execute a separate agreement in conjunction with any FastTrack economic development grant or loan contract that reserves the right of the department to recover the amount of money, grants, funds, or other incentives disbursed by the department, in whole or in part, if the person or entity benefitting from such money, grants, funds, or other incentives fails to fulfill the commitments made by such person or entity to the department. - Amends TCA Title 4, Chapter 3, Part 7 and Title 64, Chapter 6.