All Roll Calls
Yes: 127 • No: 2
TennesseeSB 0114114th General Assembly (2025-2026)SenateWALLET
AN ACT to amend Tennessee Code Annotated, Section 9-21-134, relative to debt reporting requirements.
Sponsored By: Bobby Harshbarger (Republican)
Became Law
Public Funds and Financing
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Stronger debt reporting for local governments
The law tightens debt reporting by Tennessee public entities. Within 45 days after any finance transaction, entities must send board‑required information to their governing body and copy the comptroller. If no open meeting occurs in 45 days, they must give each member a copy and present it at the next meeting. The state funding board requires timely continuing disclosures and, when applicable, postings of financial obligations and defaults on the EMMA website run by the Municipal Securities Rulemaking Board. Entities must report any default, covenant violation, or credit rating downgrade to the comptroller within 10 business days, following board guidelines. The law also defines “covenant violation” and “credit rating downgrade.”
Sponsors & Cosponsors
Sponsor
Bobby Harshbarger
Republican • Senate
Cosponsors
Tom Hatcher
Republican • Senate
Roll Call Votes
House vote • 3/3/2025
FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025
Yes: 86 • No: 2
Senate vote • 2/24/2025
FLOOR VOTE: Third Consideration 2/24/2025
Yes: 33 • No: 0
Senate vote • 2/18/2025
SENATE STATE & LOCAL GOVERNMENT COMMITTEE
Yes: 8 • No: 0
Actions Timeline
Pub. Ch. 17
3/21/2025Effective date(s) 03/12/2025
3/21/2025Signed by Governor.
3/12/2025SenateTransmitted to Governor for action.
3/10/2025SenateSigned by H. Speaker
3/6/2025HouseSigned by Senate Speaker
3/5/2025SenateEnrolled and ready for signatures
3/4/2025SenatePassed H., Ayes 86, Nays 2, PNV 0
3/3/2025HouseRcvd. from S., held on H. desk.
2/27/2025HouseSubst. for comp. HB.
2/27/2025HouseReset on Reg. Cal. for 3/3/2025
2/27/2025HousePassed Senate, Ayes 33, Nays 0
2/24/2025SenateEngrossed; ready for transmission to House
2/24/2025SenateSponsor(s) Added.
2/24/2025SenatePlaced on Senate Regular Calendar for 2/24/2025
2/20/2025SenateRecommended for passage, refer to Senate Calendar Committee
2/18/2025SenatePlaced on Senate State and Local Government Committee calendar for 2/18/2025
2/11/2025SenatePassed on Second Consideration, refer to Senate State and Local Government Committee
1/15/2025SenateIntroduced, Passed on First Consideration
1/14/2025SenateFiled for introduction
1/13/2025Senate
Bill Text
Enrolled / Public Chapter
Fiscal Note
Introduced
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