TN SB0518 | 2025-2026 | 114th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2025 - 25% progression
Action: 2025-02-25 - Placed on Senate State and Local Government Committee calendar for 3/4/2025
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 30 2025 - 25% progression
Action: 2025-02-25 - Placed on Senate State and Local Government Committee calendar for 3/4/2025
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, authorizes certain utility systems to borrow money in anticipation of revenue collections and to issue negotiable notes to evidence such borrowing to provide emergency cash flow for such systems, with oversight of such actions by the comptroller of the treasury; establishes deadline for the payment of such notes. - Amends TCA Section 7-34-111; Section 7-36-113; Section 7-82-501; Section 7-82-702; Section 68-221-1311 and Section 68-221-611.
Title
AN ACT to amend Tennessee Code Annotated, Section 7-34-111; Section 7-36-113; Section 7-82-501; Section 7-82-702; Section 68-221-1311 and Section 68-221-611, relative to utilities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-25 | Senate | Placed on Senate State and Local Government Committee calendar for 3/4/2025 |
| 2025-02-12 | Senate | Passed on Second Consideration, refer to Senate State and Local Government Committee |
| 2025-02-10 | Senate | Introduced, Passed on First Consideration |
| 2025-01-30 | Senate | Filed for introduction |
Same As/Similar To
HB0561 (Crossfiled) 2025-02-26 - Placed on cal. Commerce Committee for 3/5/2025
