HB6006Enacted

Amends TCA Title 4 and Title 54.

Tennessee HB6006 establishes the Tennessee Transportation Financing Authority to facilitate financing and refinancing for the development, maintenance, and improvement of transportation facilities in the state. The authority, governed by a board including key state officials, is empowered to issue bonds without limitation on amount, enter into contracts, and secure payments solely from pledged revenues, while ensuring that these bonds do not constitute a debt of the state or its political subdivisions. Key provisions include the authority's ability to set terms for bonds, conduct public hearings for certain bond issues, and maintain confidentiality for proprietary records.

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Overview

Tennessee HB6006 establishes the Tennessee Transportation Financing Authority to facilitate financing and refinancing for the development, maintenance, and improvement of transportation facilities in the state. The authority, governed by a board including key state officials, is empowered to issue bonds without limitation on amount, enter into contracts, and secure payments solely from pledged revenues, while ensuring that these bonds do not constitute a debt of the state or its political subdivisions. Key provisions include the authority's ability to set terms for bonds, conduct public hearings for certain bond issues, and maintain confidentiality for proprietary records.

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Sponsor

Garrett, Johnny

Details
Session

114th General Assembly

Introduced

January 24, 2025

Last Action

February 25, 2025

Comp. became Pub. Ch. 5

Subjects
Public Funds and FinancingTransportation, Dept. ofHighways, Roads and BridgesFinance and Administration, Dept. ofFeesComptroller, StateBonds and Undertakings, Regulation ofBond Issues

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