Amends TCA Section 13-23-121.
Tennessee HB0331 amends TCA Section 13-23-121 to increase the maximum aggregate principal amount of bonds and notes that the Tennessee Housing Development Agency may issue at any one time from $4 billion to $5 billion. This change affects the Tennessee Housing Development Agency's capacity to finance housing projects through bond issuance. The key provision is the raised limit on the total amount of bonds and notes that can be outstanding simultaneously.
Tennessee HB0331 amends TCA Section 13-23-121 to increase the maximum aggregate principal amount of bonds and notes that the Tennessee Housing Development Agency may issue at any one time from $4 billion to $5 billion. This change affects the Tennessee Housing Development Agency's capacity to finance housing projects through bond issuance. The key provision is the raised limit on the total amount of bonds and notes that can be outstanding simultaneously.
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