All Roll Calls
Yes: 127 • No: 2
TennesseeSB 0114114th General Assembly (2025-2026)Senate
AN ACT to amend Tennessee Code Annotated, Section 9-21-134, relative to debt reporting requirements.
Sponsored By: Sponsor information unavailable
Signed by Governor
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
Sponsors
There is no primary sponsor on record.
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
Bill Text
Enrolled / Public Chapter
Fiscal Note
Introduced
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