Amends TCA Title 9.
Tennessee SB2454 authorizes airport authorities to make direct and continuing appropriations for the issuance of debt that does not constitute a liability of the state, as well as for the payment of debt service associated with that debt. This bill primarily affects airport authorities in Tennessee, allowing them greater financial flexibility in managing their debt obligations. Key provisions include the ability to issue debt without it being classified as a state liability, thereby potentially easing financial constraints on these authorities.
Tennessee SB2454 authorizes airport authorities to make direct and continuing appropriations for the issuance of debt that does not constitute a liability of the state, as well as for the payment of debt service associated with that debt. This bill primarily affects airport authorities in Tennessee, allowing them greater financial flexibility in managing their debt obligations. Key provisions include the ability to issue debt without it being classified as a state liability, thereby potentially easing financial constraints on these authorities.
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