Tennessee Senate Bill 1535

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on May 17 2023 - 100% progression
Action: 2023-05-17 - Comp. became Pub. Ch. 421
Text: Latest bill text (Chaptered) [PDF]

As enacted, authorizes the state to issue and sell bonds of up to $83,800,000.

AN ACT to authorize the state of Tennessee, acting by resolutions of its funding board, to issue and sell its bonds and bond anticipation notes to provide for acquisition of equipment and sites, and erection, construction, and equipment of sites and buildings, expressly including the acquisition of existing structures for expansion, improvements, betterments, and extraordinary repairs to existing structures, for construction of highways, and repair, replacement, or rehabilitation of bridges, and for grants to any county, metropolitan government, incorporated town, city, special district of the state, or any governmental agency or instrumentality of any of them; to make grants to industrial development corporations to provide for acquisition of equipment and acquisition, site preparation, erection, construction, and equipment of sites and buildings; and infrastructure improvements and development; and to provide for the expenditure of said funds; to issue its debt in excess of the authorized amount to fund discount and costs of issuance; and to provide for the expenditure of said funds. This act makes appropriations for an indefinite period of time for the purpose of allocating the proceeds of the bonds and notes authorized by this act.

Sen. Jack Johnson [R]

Sen. John Stevens [R]

Sen. Bo Watson [R]

2023-04-18 - Senate - SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage, refer to Senate Calendar Committee (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-05-17		Comp. became Pub. Ch. 421
2023-04-24	Senate	Sponsor(s) Added.
2023-04-20	Senate	Companion House Bill substituted
2023-04-19	Senate	Sponsor(s) Added.
2023-04-19	Senate	Placed on Senate Regular Calendar 2 for 4/20/2023
2023-04-18	Senate	Placed on Senate Regular Calendar 2 for 4/19/2023
2023-04-18	Senate	Recommended for passage, refer to Senate Calendar Committee
2023-04-13	Senate	Placed on Senate Finance, Ways, and Means Committee calendar for 4/18/2023
2023-02-23	Senate	Passed on Second Consideration, refer to Senate Finance, Ways & Means Committee
2023-02-16	Senate	Introduced, Passed on First Consideration
2023-02-13	Senate	Filed for introduction

HB1542 (Crossfiled) 2023-05-17 - Effective date(s) 05/11/2023

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1535&ga=113
Text	https://www.capitol.tn.gov/Bills/113/Bill/SB1535.pdf
Text	https://publications.tnsosfiles.com/acts/113/pub/pc0421.pdf
Supplement	https://www.capitol.tn.gov/Bills/113/Fiscal/HB1542.pdf
Roll Call	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1535&ga=113