Tennessee Emergency Management Agency (TEMA) - As enacted, exempts disaster grants administered by TEMA from statutory requirements related to procurement, except that the state retains the right to inspect places of business and audit books and records for compliance. - Amends TCA Section 58-2-109.

HB 1467 exempts disaster grants administered by Tennessee's Emergency Management Agency (TEMA) from most state procurement rules, allowing faster distribution during emergencies. This applies to grants awarded directly to the state or to recipients/subrecipients for disaster response and recovery programs. The bill requires TEMA to maintain procedures for monitoring grant compliance (including book audits) and specifies that Section 12-3-602 of state law still applies to these grants. The change directly affects TEMA, local governments, and organizations receiving disaster funds by streamlining procurement while retaining oversight authority.