SB0114 amends Tennessee debt reporting requirements for public entities.

SB0114 amends Tennessee Code Annotated, Section 9-21-134, to update debt reporting requirements for public entities. The bill mandates that public entities must comply with continuing disclosure obligations, disclose financial obligations and events of default on the Electronic Municipal Market Access (EMMA) website, and report any event of default, covenant violation, or credit rating downgrade to the comptroller of the treasury or the comptroller's designee within ten business days.

SB0114 amends Tennessee debt reporting requirements for public entities.

SB0114 amends Tennessee Code Annotated, Section 9-21-134, to update debt reporting requirements for public entities. The bill mandates that public entities must comply with continuing disclosure obligations, disclose financial obligations and events of default on the Electronic Municipal Market Access (EMMA) website, and report any event of default, covenant violation, or credit rating downgrade to the comptroller of the treasury or the comptroller's designee within ten business days.