Utilities, Utility Districts - As enacted, authorizes a political subdivision to enter into a cost-sharing agreement with a developer for the development of certain public infrastructure. - Amends TCA Title 5; Title 6; Title 7; Title 13; Title 65 and Title 68.

HB 2386 allows Tennessee counties, municipalities, or metropolitan governments to require developers to pay for necessary offsite public infrastructure (such as roads, utilities, or stormwater systems) that serve future development beyond the project site. The bill establishes that costs must be based on the development’s proportional impact on infrastructure, with local governments having 60 days to approve agreements. If disagreements arise, the Tennessee Board of Utility Regulation can determine the cost-sharing amount. This directly affects developers planning new construction projects and local governments managing infrastructure planning.