Allows participating counties to exit the homebuyers revolving loan program if they've loaned more than their initial fund.
This bill amends the homebuyers revolving loan program in Tennessee by allowing counties that have loaned more than their initial fund to terminate their participation. These counties can keep all funds, including initial capitalization and interest earnings. The changes take effect July 1, 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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