TN SB2158 | 2011-2012 | 107th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 7 2011 - 25% progression, died in committee
Action: 2012-01-12 - P2C, ref. to S. S&L Govt. Comm.
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on December 7 2011 - 25% progression, died in committee
Action: 2012-01-12 - P2C, ref. to S. S&L Govt. Comm.
Pending: Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, requires review and approval of the state funding board before a local government could borrow money or contract for or issue debt if the debt of the local government is greater than 10 percent of the assessed valuation of its taxable property or if the proposal for new debt would exceed such 10 percent level. - Amends TCA Title 4; Title 5; Title 6; Title 7 and Title 9.
Title
As introduced, requires review and approval of the state funding board before a local government could borrow money or contract for or issue debt if the debt of the local government is greater than 10 percent of the assessed valuation of its taxable property or if the proposal for new debt would exceed such 10 percent level. - Amends TCA Title 4; Title 5; Title 6; Title 7 and Title 9.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-12 | P2C, ref. to S. S&L Govt. Comm. | |
| 2012-01-10 | Intro., P1C. | |
| 2011-12-07 | Filed for intro. |
Same As/Similar To
HB3512 (Crossfiled) 2012-03-21 - Taken Off Notice For Cal. in s/c S&LG Subcommittee of State & Local Government Committee
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2158&ga=107 |
| Text | https://www.capitol.tn.gov/Bills/107/Bill/SB2158.pdf |
