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.
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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Harshbarger, Bobby
114th General Assembly
January 13, 2025
March 21, 2025
Pub. Ch. 17