Clarifies appropriation of funds for debt service payments to certain debt issuers in Tennessee.
This bill amends Tennessee Code Annotated, Title 9, to clarify the appropriation of funds to certain debt issuers for debt service payments. Specifically, it adds language to Section 9-4-5107(a) to include debt issuers by an airport authority under Title 42, Chapter 3 or 4. The act makes appropriations for these debt service obligations for an indefinite period of time and takes effect July 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.