Tennessee Code Annotated
Tenn. Code Ann. § 4-33-104 (2026)
Economic impact statements
✓ current as of May 2026
- (a) Upon written request by the commissioner or head of any agency, or by any member of the general assembly, each agency shall within a reasonable time justify a proposed action by preparing an economic impact statement using professionally accepted methodology, with quantification of data to the extent practicable, giving effect to both short-term and long-term consequences; provided, that this section shall not apply to any action of the department of transportation in which federal-aid matching funds are used.
- (b) The economic impact statement shall include the following information:
- (1) A description of the action proposed, the purpose of the action, the legal authority for the action and the plan for implementing the action;
- (2) A determination that the action is the least-cost method for achieving the stated purpose;
- (3) A comparison of the cost-benefit relation of the action to nonaction;
- (4) A determination that the action represents the most efficient allocation of public and private resources;
- (5) A determination of the effect of the action on competition;
- (6) A determination of the effect of the action on the cost of living in the geographical area in which the action would occur;
- (7) A determination of the effect of the action on employment in the geographical area in which the action would occur;
- (8) The source of revenue to be used for the action; and
- (9) A conclusion as to the economic impact upon all persons substantially affected by the action, including an analysis containing a description as to which persons will bear the costs of the action and which persons will benefit directly and indirectly from the action.
- (c) If, during the course of an agency action, information required by the economic impact statement materially changes, the agency shall amend the statement with the correct information.
Acts 1979, ch. 215, § 4; T.C.A., § 4-3304; Acts 1980, ch. 664, § 1.
Notes of Decisions
Cited in 1
case, 2001–2001 · leading case: Sw. Williamson Cnty. Cmty. Ass'n v. Saltsman, 66 S.W.3d 872 (Tenn. Ct. App. 2001).
Sw. Williamson Cnty. Cmty. Ass'n v. Saltsman, 66 S.W.3d 872 (Tenn. Ct. App. 2001). “§ 54-1-105 1 ; (2) “the Procedure Manual for Highway Location Studies”; (3) TDOT’s “Right of Way Manual”; and (4) T.C.A. § 4-33-104 2 pertaining to an “economic impact statement.”
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