Bill
Bill > SB2454
TN SB2454
TN SB2454AN 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
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
114th 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, which amends Tennessee Code Annotated, Title 9, clarifies that airport authorities can directly and continuously appropriate funds for issuing debt that is not a liability of the state and for making the payments on that debt, known as debt service. This change specifically adds airport authorities, operating under Title 42, Chapters 3 or 4, to the list of entities that can make such appropriations, alongside the housing development agency. The act is set to take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
SA0945 - Amendment 1-0 to SB2454 (on 04/01/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2454&ga=114 |
| Amendment 1-0 to SB2454 | https://www.capitol.tn.gov/Bills/114/Amend/SA0945.pdf |
| Amendment 1-0 to HB2511 | https://www.capitol.tn.gov/Bills/114/Amend/HA0628.pdf |
| Fiscal Memo for HA0628 (13667) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1725.pdf |
| Fiscal Note - SB2454 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2454.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2454.pdf |
Loading...