2023-2024 Regular Session • Tennessee Legislature
HB2972: 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; to issue its debt in excess of the authorized amount to fund discount and costs of issuance; including by amending Chapter 470 of the Public Acts of 2011; 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.
Legislative Summary
As enacted, authorizes the state to issue and sell bonds of up to $87,700,000.
Bill History
2/8/2024
Filed for introduction
House of Representatives
2/12/2024
Intro., P1C.
House of Representatives
2/15/2024
P2C, ref. to Finance, Ways, and Means Committee
House of Representatives
2/15/2024
Assigned to s/c Finance, Ways, and Means Subcommittee
House of Representatives
4/10/2024
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/16/2024
House of Representatives
4/16/2024
Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee
House of Representatives
4/16/2024
Placed on cal. Finance, Ways, and Means Committee for 4/16/2024
House of Representatives
4/16/2024
Rec. for pass. if am., ref. to Calendar & Rules Committee
House of Representatives
4/16/2024
Placed on cal. Calendar & Rules Committee for 4/16/2024
House of Representatives
4/16/2024
H. Placed on Appropriations Calendar for 4/17/2024
House of Representatives
4/18/2024
H. adopted am. (Amendment 1 - HA1039)
House of Representatives
4/18/2024
Passed H., as am., Ayes 81, Nays 13, PNV 0
House of Representatives
4/18/2024
Engrossed; ready for transmission to Sen.
House of Representatives
4/18/2024
Received from House, Passed on First Consideration
Senate
4/18/2024
Senate substituted House Bill for companion Senate Bill.
Senate
4/18/2024
Amendment withdrawn. (Amendment 1 - SA1020)
Senate
4/18/2024
Passed Senate, Ayes 30, Nays 0
Senate
4/30/2024
Enrolled; ready for sig. of H. Speaker.
House of Representatives
5/1/2024
Signed by H. Speaker
House of Representatives
5/9/2024
Signed by Senate Speaker
Senate
5/10/2024
Transmitted to Governor for his action.
House of Representatives
5/15/2024
Signed by Governor.
5/20/2024
Pub. Ch. 965
5/20/2024
Effective date(s) 05/15/2024
Amendments
HA1039
Amendment 1-0 to HB2972
4/16/2024Not Adopted
Roll Call Votes
FLOOR VOTE: APPROPRIATIONS CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION
4/18/2024
81
Yea
13
Nay
0
Not Voting
0
Absent
Result: PASSED
FLOOR VOTE: APPROPRIATIONS CALENDAR PREVIOUS QUESTION AS AMENDED PASSAGE ON THIRD CONSIDERATION
4/18/2024
73
Yea
22
Nay
0
Not Voting
0
Absent
Result: PASSED
FLOOR VOTE: Third Consideration
4/18/2024
30
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(5/20/2024)
Chamber
House of Representatives
Sine DiePrior Session
Sponsors
Republican: 5
Primary Sponsor

William Lamberth
Republican