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Bill > SB0129
TN SB0129
TN SB0129AN ACT to amend Tennessee Code Annotated, Section 13-23-121, relative to the Tennessee housing development agency.
summary
Introduced
01/14/2025
01/14/2025
In Committee
Crossed Over
Passed
05/08/2025
05/08/2025
Dead
Signed/Enacted/Adopted
05/08/2025
05/08/2025
Introduced Session
114th General Assembly
Bill Summary
As enacted, increases, from $4 billion to $5 billion, the maximum aggregate principal amount for which the agency may issue bonds and notes at any one time. - Amends TCA Section 13-23-121.
AI Summary
This bill amends Section 13-23-121 of the Tennessee Code to increase the maximum aggregate principal amount of bonds and notes that the Tennessee Housing Development Agency (THDA) can issue at any one time from $4 billion to $5 billion. The change would provide the THDA with additional financial capacity to support housing development and affordable housing initiatives in the state. By raising the bond issuance limit, the agency can potentially finance more housing projects, provide more housing assistance, or support broader community development efforts. The bill would take effect immediately upon becoming law, as determined by the Tennessee General Assembly, with the stated purpose of serving the public welfare.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
Comp. became Pub. Ch. 338 (on 05/08/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0129&ga=114 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0338.pdf |
| Fiscal Memo for SA0037 (4355) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM0262.pdf |
| Amendment 1-0 to SB0129 | https://www.capitol.tn.gov/Bills/114/Amend/SA0037.pdf |
| Fiscal Note - SB0129 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB0129.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB0129.pdf |
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