Judges and Chancellors - As enacted, creates a pilot project to provide for criminal magistrates in the 10 counties in which the criminal courts experience the highest judicial caseload, if authorized by the legislative body of an eligible county; authorizes the judges of the county with criminal jurisdiction to appoint the criminal magistrate, who shall serve at the pleasure of the majority of the judges of the county with criminal jurisdiction. - Amends TCA Title 16; Title 17 and Title 40.