Amends TCA Title 9, Chapter 13, Part 2 and Title 9, Chapter 21, Part 7.
Tennessee HB1672 amends the process by which local governments can issue and sell grant anticipation notes. It specifically allows the comptroller to approve these notes if the local government can demonstrate that a natural disaster has resulted in economic distress. This change affects local governments seeking financial relief following a natural disaster.
Tennessee HB1672 amends the process by which local governments can issue and sell grant anticipation notes. It specifically allows the comptroller to approve these notes if the local government can demonstrate that a natural disaster has resulted in economic distress. This change affects local governments seeking financial relief following a natural disaster.
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