Amends TCA Title 6.
Tennessee HB0065 amends Title 6 of the Tennessee Code Annotated to establish requirements for cities entering into contracts under the bill. Specifically, it mandates that such cities must possess a AAA bond rating from a nationally recognized statistical rating organization as recognized by the U.S. Securities and Exchange Commission on the bill's effective date. This provision aims to ensure financial stability and credibility for municipalities engaging in these contracts.
Tennessee HB0065 amends Title 6 of the Tennessee Code Annotated to establish requirements for cities entering into contracts under the bill. Specifically, it mandates that such cities must possess a AAA bond rating from a nationally recognized statistical rating organization as recognized by the U.S. Securities and Exchange Commission on the bill's effective date. This provision aims to ensure financial stability and credibility for municipalities engaging in these contracts.
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