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TN HB0331
Bill
Status
5/8/2025
Primary Sponsor
Charlie Baum
Click for details
AI Summary
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Increases the maximum aggregate principal amount of outstanding bonds and notes the Tennessee Housing Development Agency (THDA) can issue from $4 billion to $5 billion
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Amends Tennessee Code Annotated, Section 13-23-121(a) to raise the statutory bond cap
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Addresses increased demand for THDA below-market interest rate loans that assist low and moderate income Tennesseans
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THDA has operated within the previous $4 billion cap since 2008
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Takes effect immediately upon becoming law; passed April 16, 2025 and signed by Governor Bill Lee in May 2025
Legislative Description
AN ACT to amend Tennessee Code Annotated, Section 13-23-121, relative to the Tennessee housing development agency.
Tennessee Housing Development Agency
Last Action
Effective date(s) 05/02/2025
5/8/2025