Amends TCA Title 13, Chapter 23.
Tennessee HB0930 allows counties that have made loans exceeding the initial capitalization amount of their homebuyers' revolving loan fund pool to terminate their participation in the fund. This bill affects counties participating in the loan fund and enables them to retain all funds, including those used for initial capitalization and interest earnings from repayments. The key provision is the authorization for counties to exit the fund with notice to the Tennessee Housing Development Agency.
Tennessee HB0930 allows counties that have made loans exceeding the initial capitalization amount of their homebuyers' revolving loan fund pool to terminate their participation in the fund. This bill affects counties participating in the loan fund and enables them to retain all funds, including those used for initial capitalization and interest earnings from repayments. The key provision is the authorization for counties to exit the fund with notice to the Tennessee Housing Development Agency.
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