Tennessee HB0136 amends debt reporting requirements for public entities.

Tennessee HB0136 amends Tennessee Code Annotated, Section 9-21-134, to update debt reporting requirements for public entities. The bill mandates that public entities submit required information to their governing body and the comptroller of the treasury within 45 days of a finance transaction. It also requires public entities to comply with continuing disclosure obligations, disclose financial obligations and events of default on the EMMA website, and report any event of default, covenant violation, or credit rating downgrade to the comptroller within ten business days.

Tennessee HB0136 amends debt reporting requirements for public entities.

Tennessee HB0136 amends Tennessee Code Annotated, Section 9-21-134, to update debt reporting requirements for public entities. The bill mandates that public entities submit required information to their governing body and the comptroller of the treasury within 45 days of a finance transaction. It also requires public entities to comply with continuing disclosure obligations, disclose financial obligations and events of default on the EMMA website, and report any event of default, covenant violation, or credit rating downgrade to the comptroller within ten business days.