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Bill > HB0331
TN HB0331
TN HB0331AN ACT to amend Tennessee Code Annotated, Section 13-23-121, relative to the Tennessee housing development agency.
summary
Introduced
01/23/2025
01/23/2025
In Committee
02/19/2025
02/19/2025
Crossed Over
02/25/2025
02/25/2025
Passed
04/17/2025
04/17/2025
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 Tennessee Code Annotated, Section 13-23-121, to increase the maximum aggregate principal amount that the Tennessee Housing Development Agency (THDA) can issue in bonds and notes from $4 billion to $5 billion at any one time. The THDA is a state agency responsible for providing affordable housing solutions and financing for Tennessee residents. By raising the bond issuance limit, the agency will have more financial flexibility to support housing development, potentially enabling it to fund more affordable housing projects, provide more mortgage assistance, or invest in broader housing infrastructure across the state. The bill will take effect immediately upon becoming law, as determined by the Tennessee General Assembly.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Effective date(s) 05/02/2025 (on 05/08/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0331&ga=114 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0338.pdf |
| Fiscal Note - SB0129 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB0129.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0331.pdf |
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