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TN SB2894

TN SB2894
AN ACT to amend Tennessee Code Annotated, Title 9, to clarify the appropriation of funds to certain debt issuers for debt service payments. This act makes appropriations for debt service obligations for an indefinite period of time.


summary

Introduced
02/01/2024
In Committee
Crossed Over
Passed
Dead
04/25/2024

Introduced Session

113th General Assembly

Bill Summary

As introduced, authorizes direct and continuing appropriations by airport authorities for the issuance of debt that is not a liability of the state and the payment of debt service thereon. - Amends TCA Title 9.

AI Summary

This bill amends Tennessee Code Annotated, Title 9 to clarify the appropriation of funds to certain debt issuers, such as airport authorities, for debt service payments. Specifically, it authorizes direct and continuing appropriations by airport authorities for the issuance of debt that is not a liability of the state and the payment of debt service thereon. The bill takes effect on July 1, 2024.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Assigned to General Subcommittee of Senate Finance, Ways & Means Committee (on 03/20/2024)

Bill Topics

Macroeconomics
  • ‐ National Budget and Debt
Transportation
  • ‐ Airports, Air Traffic Control, and Airline Safety

bill text


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