Amends TCA Section 9-21-133 and Title 9, Chapter 21, Part 4.

Tennessee SB0191 amends existing laws regarding balloon indebtedness by broadening the exemption criteria to include loans from the state and federal agencies, and it introduces new approval requirements for local governments seeking to issue such debt. The bill affects local governments, including cities, counties, and newly added water, wastewater, or energy authorities, by requiring them to submit plans for balloon indebtedness and heightened risk debt to the comptroller of the treasury for approval. Key provisions include the removal of certain principal repayment criteria and the establishment of a 15-business-day timeline for the comptroller to respond to requests.