SB0114Enacted

Amends TCA Section 9-21-134.

Tennessee SB0114 amends TCA Section 9-21-134 by removing specific disclosure requirements for the state funding board when determining what information must be disclosed regarding finance transactions. The bill affects public entities by expanding their disclosure obligations to include any event of default, covenant violation, or credit rating downgrade to the comptroller of the treasury or their designee within 10 business days, regardless of MSRB obligations. Key changes include the simplification of the board's disclosure criteria and the broadened scope of required disclosures for public entities.

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Overview

Tennessee SB0114 amends TCA Section 9-21-134 by removing specific disclosure requirements for the state funding board when determining what information must be disclosed regarding finance transactions. The bill affects public entities by expanding their disclosure obligations to include any event of default, covenant violation, or credit rating downgrade to the comptroller of the treasury or their designee within 10 business days, regardless of MSRB obligations. Key changes include the simplification of the board's disclosure criteria and the broadened scope of required disclosures for public entities.

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Sponsor

Harshbarger, Bobby

Details
Session

114th General Assembly

Introduced

January 13, 2025

Last Action

March 21, 2025

Pub. Ch. 17

Subjects
Public Funds and FinancingState GovernmentLocal Government, GeneralComptroller, StateBonds and Undertakings, Regulation of

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SB0114: Amends TCA Section 9-21-134. | LegisGo