Amends TCA Section 13-23-121.
Tennessee SB0129 amends TCA Section 13-23-121 to increase the maximum aggregate principal amount for which the Tennessee Housing Development Agency may issue bonds and notes from $4 billion to $5 billion at any one time. This change affects the financing capabilities of the agency, potentially allowing for increased funding for housing development projects in the state. The key provision is the adjustment of the bond issuance limit, facilitating greater financial resources for housing initiatives.
Tennessee SB0129 amends TCA Section 13-23-121 to increase the maximum aggregate principal amount for which the Tennessee Housing Development Agency may issue bonds and notes from $4 billion to $5 billion at any one time. This change affects the financing capabilities of the agency, potentially allowing for increased funding for housing development projects in the state. The key provision is the adjustment of the bond issuance limit, facilitating greater financial resources for housing initiatives.
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