Regional Authorities and Special Districts - As enacted, adds the MidSouth development district to the list of development districts to which this state intends to assist financially; specifies an overall state funding level for the nine development districts; changes the calculation for how much funding each development district will receive. - Amends TCA Title 13, Chapter 14, Part 1.

SB 751 adds the MidSouth Development District to Tennessee’s list of nine regional development districts and establishes a new funding formula. It sets a statewide funding level of $0.50 per resident (based on the latest population estimate) for all nine districts, replacing previous calculation methods. Funding amounts are now determined by a tiered system: districts with lower per capita assessments receive $295,000 annually, those with mid-range assessments get $340,000, and districts with higher assessments (up to $370,000) receive the highest allocation. This bill directly affects the nine regional development districts by changing how state funds are distributed based on population and regional cost factors.