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TN HB1490

Bill

Official Source

Status

Passed

3/7/2018

Primary Sponsor

Patsy Hazlewood

Click for details

Origin

House of Representatives

110th General Assembly

AI Summary

Legislative Description

As enacted, clarifies that "balloon indebtedness" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134.

Public Funds and Financing

Last Action

Comp. became Pub. Ch. 498

3/7/2018

Committee Referrals

Calendar and Rules2/6/2018
Local Government1/31/2018
Local Government Subcommittee1/24/2018
Local Government1/11/2018

Full Bill Text

No bill text available