Amends TCA Title 4; Title 8; Title 9 and Title 67.

This bill requires the comptroller of the treasury to create a report on all state lending programs and state credit support programs, including a cite to each individual lending program's statutory authority. The report must include:<br /> <br /> (1) The total dollar amount of all lending in state lending programs, the total amount of all debt supported by state credit support programs, and the totals for each individual program; and<br /> <br /> (2) Reasonable estimates of the cost of likely defaults on all state lending programs and state credit support programs and the estimates for each individual program.<br /> <br /> This bill requires the comptroller to provide the report to each member of the general assembly and the commissioner of finance and administration.<br /> <br /> Also, this bill requires the division of budget, within the department of finance and administration, to include the following in the proposed state budget for each fiscal year:<br /> <br /> (1) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues;<br /> <br /> (2) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and<br /> <br /> (3) An estimate by the comptroller of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year as expenses for the purpose of calculating a balanced budget.<br />