TennesseeHB 1278114th General Assembly (2025-2026)HouseWALLET

AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 9 and Title 58, relative to providing financial assistance in counties impacted by Hurricane Helene.

Sponsored By: Timothy Hill (Republican)

Became Law

Public Funds and Financing

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Loan help for Helene-hit local governments

Tennessee creates a fund to cut borrowing costs for local governments in counties under the Hurricane Helene federal disaster declaration. The fund pays loan charges and, for up to three years, interest on money borrowed for eligible Helene recovery costs. Interest covered is capped at the lower of 5% or the prime rate. Covered loan charges include origination, application, appraisal, payment processing, and brokerage fees. Help is only for those disaster-declared counties.

Sponsors & Cosponsors

Sponsor

  • Timothy Hill

    Republican • House

Cosponsors

  • Rebecca K Alexander

    Republican • House

  • John Ray Clemmons

    Democrat • House

  • John Crawford

    Republican • House

  • Rick Eldridge

    Republican • House

  • Jeremy Faison

    Republican • House

  • David B. Hawk

    Republican • House

  • Gary Hicks

    Republican • House

  • Gary Hicks

    Republican • House

  • Dan Howell

    Republican • House

  • Bud Hulsey

    Republican • House

  • Justin Jones

    Democrat • House

  • Chris Todd

    Republican • House

  • Dawn White

    Republican • Senate

  • Ryan Williams

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 230 • No: 0

Senate vote 4/22/2025

FLOOR VOTE: Third Consideration 4/22/2025

Yes: 32 • No: 0

House vote 4/21/2025

FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/21/2025

Yes: 93 • No: 0

House vote 4/21/2025

HOUSE CALENDAR & RULES COMMITTEE

Yes: 0 • No: 0

House vote 4/17/2025

HOUSE FINANCE, WAYS, AND MEANS COMMITTEE

Yes: 27 • No: 0

House vote 4/17/2025

HOUSE FINANCE, WAYS, AND MEANS COMMITTEE

Yes: 28 • No: 0

House vote 4/17/2025

HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE

Yes: 11 • No: 0

House vote 4/16/2025

HOUSE GOVERNMENT OPERATIONS COMMITTEE

Yes: 11 • No: 0

House vote 4/2/2025

HOUSE STATE & LOCAL GOVERNMENT COMMITTEE

Yes: 20 • No: 0

House vote 3/18/2025

HOUSE DEPARTMENTS & AGENCIES SUBCOMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Pub. Ch. 521

    5/27/2025
  2. Effective date(s) 05/21/2025

    5/27/2025
  3. Signed by Governor.

    5/21/2025
  4. Transmitted to Governor for his action.

    5/9/2025House
  5. Signed by Senate Speaker

    5/8/2025Senate
  6. Signed by H. Speaker

    4/30/2025House
  7. Enrolled; ready for sig. of H. Speaker.

    4/28/2025House
  8. Received from House, Passed on First Consideration

    4/22/2025Senate
  9. Senate substituted House Bill for companion Senate Bill.

    4/22/2025Senate
  10. Amendment withdrawn. (Amendment 1 - SA0320)

    4/22/2025Senate
  11. Amendment withdrawn. (Amendment 2 - SA0442)

    4/22/2025Senate
  12. Passed Senate, Ayes 32, Nays 0

    4/22/2025Senate
  13. Sponsor(s) Added.

    4/21/2025House
  14. H. adopted am. (Amendment 1 - HA0292)

    4/21/2025House
  15. H. adopted am. (Amendment 2 - HA0499)

    4/21/2025House
  16. Passed H., as am., Ayes 93, Nays 0, PNV 0

    4/21/2025House
  17. Engrossed; ready for transmission to Sen.

    4/21/2025House
  18. Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee

    4/17/2025House
  19. Sponsor(s) Added.

    4/17/2025House
  20. Rec. for pass. if am., ref. to Calendar & Rules Committee

    4/17/2025House
  21. Placed on cal. Calendar & Rules Committee for 4/17/2025

    4/17/2025House
  22. H. Placed on Regular Calendar for 4/21/2025

    4/17/2025House
  23. Rec. for pass; ref to Finance, Ways, and Means Committee

    4/16/2025House
  24. Assigned to s/c Finance, Ways, and Means Subcommittee

    4/16/2025House
  25. Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/16/2025

    4/16/2025House

Bill Text

  • HA0292 (Substitute)

    4/21/2025

  • HA0499 (Substitute)

    4/21/2025

  • Enrolled / Public Chapter

  • Fiscal Note

  • Introduced

  • SA0320

  • SA0442

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