Bill Title: As enacted, prohibits expenditure of state funds to pay the public indebtedness of any municipality; specifies that this prohibition does not preclude any municipality from utilizing its allocation of state-shared taxes for the purpose of paying its public indebtedness. - Amends TCA Title 6, Chapter 56; Title 9, Chapter 1; Title 9, Chapter 3; Title 9, Chapter 4 and Title 9, Chapter 21.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2014-05-16 - Pub. Ch. 853 [HB1398 Detail]

Text: Latest bill text (Draft #1) [PDF]

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