Bill Title: As introduced, requires any ordinance or resolution proposing the issuance of debt to finance improvements to private or public use buildings to be approved by voters in a referendum, if the amount of the debt exceeds 10 percent of the local government's operating budget. - Amends TCA Title 5; Title 6; Title 7; Title 9, Chapter 21; Title 48 and Title 67.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-02-18 - Passed on Second Consideration, refer to Senate State and Local Government Committee [SB0731 Detail]

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

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