All Roll Calls
Yes: 37 • No: 0
TennesseeSB 0191114th General Assembly (2025-2026)Senate
AN ACT to amend Tennessee Code Annotated, Section 9-21-133 and Title 9, Chapter 21, Part 4, relative to local government debt.
Sponsored By: Sponsor information unavailable
Signed by Governor
Public Funds and Financing
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Tennessee local governments face new borrowing rules
Beginning July 1, 2025, new debt rules cover Tennessee cities, towns, metropolitan governments, counties, utility districts, and water, wastewater, or energy authorities. Before issuing certain risky debt, they must request approval from the state Comptroller or a designated reviewer. This covers debt with variable rates, rate-reset terms, or an option letting the holder demand early repayment. Approval requires a finding that the debt terms serve the public interest. The reviewer must report a decision within 15 business days after receiving the request and all requested supporting documents. Local governments can proceed upon approval, or after that deadline if no disapproval is reported, whichever comes first. This review excludes loans or interim certificates with or purchased by Tennessee itself or a federal department or agency. A separate local debt rule includes loans with Tennessee itself or a federal department or agency. Under that rule, principal counts as due on its stated maturity date or any required redemption date.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/17/2025
FLOOR VOTE: Third Consideration 3/17/2025
Yes: 29 • No: 0
Senate vote • 3/12/2025
SENATE ENERGY, AGRICULTURE AND NATURAL RESOURCES COMMITTEE
Yes: 8 • No: 0
Actions Timeline
Effective date(s) 07/01/2025
4/29/2025Pub. Ch. 218
4/29/2025Signed by Governor.
4/21/2025SenateTransmitted to Governor for action.
4/11/2025SenateSigned by H. Speaker
4/10/2025HouseSigned by Senate Speaker
4/9/2025SenateEnrolled and ready for signatures
4/8/2025SenatePassed H., Ayes 96, Nays 0, PNV 0
4/7/2025HouseSubst. for comp. HB.
4/7/2025HouseRcvd. from S., held on H. desk.
3/20/2025HouseEngrossed; ready for transmission to House
3/17/2025SenatePassed Senate, Ayes 29, Nays 0
3/17/2025SenatePlaced on Senate Regular Calendar for 3/17/2025
3/14/2025SenateRecommended for passage, refer to Senate Calendar Committee
3/12/2025SenatePlaced on Senate Energy, Ag., and Nat. Resources Committee calendar for 3/12/2025
3/6/2025SenatePassed on Second Consideration, refer to Senate Energy, Ag., and Nat. Resources Committee
1/27/2025SenateIntroduced, Passed on First Consideration
1/16/2025SenateFiled for introduction
1/15/2025Senate
Bill Text
Enrolled / Public Chapter
Fiscal Note
Introduced
Related Bills
SB 0254, AN ACT to amend Tennessee Code Annotated, Title 38; Title 39; Title 40 and Title 55, relative to criminal law.
SB 0198, AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes.
HB 2670, AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 85 of the Private Acts of 2004; and any other acts amendatory thereto, relative to the City of Gleason.
HB 2656, AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter 335 of the Private Acts of 1968; Chapter 282 of the Private Acts of 1972; Chapter 23 of the Private Acts of 1973; Chapter 93 of the Private Acts of 1983; Chapter 83 of the Private Acts of 1985; Chapter 218 of the Private Acts of 1990; Chapter 11 of the Private Acts of 1991; Chapter 65 of the Private Acts of 1993; Chapter 90 of the Private Acts of 2000; Chapter 77 of the Private Acts of 2002; Chapter 136 of the Private Acts of 2002; Chapter 27 of the Private Acts of 2011; Chapter 41 of the Private Acts of 2022; and any other acts amendatory thereto, relative to the City of Lafayette.
HB 2666, AN ACT to amend Chapter 131 of the Private Acts of 1969; as amended by Chapter 85 of the Private Acts of 1987; Chapter 74 of the Private Acts of 1995; Chapter 57 of the Private Acts of 2001 and Chapter 67 of the Private Acts of 2024; and any other acts amendatory thereto, relative to the privilege tax upon hotel occupancy in Shelby County.
HB 2631, AN ACT to make appropriations for the purpose of defraying the expenses of the state government for the fiscal years beginning July 1, 2025, and July 1, 2026, in the administration, operation and maintenance of the legislative, executive and judicial branches of the various departments, institutions, offices and agencies of the state; for certain state aid and obligations; for capital outlay, for the service of the public debt, for emergency and contingency; to repeal certain appropriations and any acts inconsistent herewith; to provide provisional continuing appropriations; and to establish certain provisions, limitations and restrictions under which appropriations may be obligated and expended. This act makes appropriations for the purposes described above for the fiscal years beginning July 1, 2025, and July 1, 2026.