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TN HB0930

Bill

Official Source

Status

Passed

5/15/2025

Primary Sponsor

Mark White

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Amends Tennessee Code Annotated, Section 13-23-310, to allow participating counties to terminate their participation in the homebuyers' revolving loan program under specific conditions

  • Counties that have made loans exceeding the initial capitalization amount of their loan fund pool may withdraw from the program by providing notice to the Tennessee Housing Development Agency (THDA)

  • Exiting counties may retain all funds, including initial capitalization funds and interest earnings on loan repayments

  • Effective date: July 1, 2025

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 13, Chapter 23, relative to the homebuyers revolving loan program.

Housing

Last Action

Comp. became Pub. Ch. 442

5/15/2025

Committee Referrals

Calendar and Rules4/17/2025
Finance, Ways & Means4/17/2025
Finance, Ways & Means Subcommittee4/2/2025
Finance, Ways & Means4/2/2025
State & Local Government3/19/2025
Cities & Counties Subcommittee3/12/2025
State & Local Government2/6/2025

Full Bill Text

No bill text available