Tennessee SB0129 increases the maximum bond and note limit for the Tennessee Housing Development Agency from $4 billion to $6 billion.
Tennessee SB0129 amends Tennessee Code Annotated, Section 13-23-121, to increase the maximum bond and note limit for the Tennessee Housing Development Agency from $4 billion to $6 billion. This change aims to provide the agency with greater flexibility to meet the growing demand for below market interest rate loans, which assist low and moderate income Tennesseans. The act takes effect immediately upon becoming law.
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