Amends TCA Title 9.
Tennessee HB2511 amends Title 9 of the Tennessee Code Annotated to authorize airport authorities to make direct and continuing appropriations for the issuance of debt that is not considered a liability of the state, as well as for the payment of debt service on such debt. This bill primarily affects airport authorities in Tennessee, allowing them greater financial flexibility in managing their debt obligations. Key provisions include the ability for these authorities to issue debt without it being classified as a state liability, thereby potentially easing the financial burden on the state.
Tennessee HB2511 amends Title 9 of the Tennessee Code Annotated to authorize airport authorities to make direct and continuing appropriations for the issuance of debt that is not considered a liability of the state, as well as for the payment of debt service on such debt. This bill primarily affects airport authorities in Tennessee, allowing them greater financial flexibility in managing their debt obligations. Key provisions include the ability for these authorities to issue debt without it being classified as a state liability, thereby potentially easing the financial burden on the state.
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