Amends TCA Title 4 and Title 54.

Tennessee SB6006 establishes the Tennessee Transportation Financing Authority to facilitate financing and refinancing for the development, maintenance, and improvement of transportation facilities in the state. The authority, governed by a board including state officials, is empowered to issue bonds without limit, enter into contracts, and manage revenues derived from these bonds, while ensuring that such bonds do not constitute a debt of the state or its political subdivisions. Key provisions include the authority's ability to issue refunding bonds, the exemption of bond interest from state taxes, and the establishment of a public hearing requirement for certain bond issues.