Substituted for: House Bill No. 3276

By Burchett

AN ACT To amend Tennessee Code Annotated, Section 12-10-114.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

SECTION 1. Tennessee Code Annotated, Section 12-10-114, is amended by designating the current language as subsection (a) and by adding the following new subsection (b):

Notwithstanding the provisions of subsection (a), a municipality may, by a written indemnity agreement, agree to indemnify an authority and its directors, officers and employees against losses, claims, expenses, costs, obligations, debts, suits, demands, actions and liabilities, including those arising from the authority's negligence, which are asserted against the authority, or its directors, officers or employees in connection with any project undertaken by the authority, and such indemnity agreement shall be enforceable against the municipality in accordance with its terms, including any such indemnity agreement in effect at the time of the enactment of this act.

SECTION 2. This act shall take effect on becoming a law, the public welfare requiring it.