Municipal Government - As enacted, authorizes a certified municipal finance officer who is contracted with a municipality to provide financial oversight on behalf of the municipality to devote fewer than 16 hours per month to such duties, if the municipality seeks and receives written approval from the comptroller of the treasury. - Amends TCA Title 6, Chapter 56, Part 4.

SB 109 modifies Tennessee law to allow municipalities contracting with certified public accountants as municipal finance officers (CMFOs) to request written approval from the state comptroller for their CMFO to work fewer than 16 hours monthly on financial oversight duties. This change requires annual renewal of the comptroller's approval, valid for one year per request. The bill directly affects municipalities using contracted CMFOs, providing flexibility in staffing requirements while maintaining state oversight through the comptroller's annual review. It takes effect March 20, 2025, after being signed by the governor.