SB0857: AN ACT to amend Tennessee Code Annotated, Title 13, Chapter 23, relative to the homebuyers revolving loan program.
Legislative Summary
As introduced, authorizes any county having made loans in excess of the amount of funds in the initial capitalization of the loan fund pool for the county to terminate its participation in the homebuyers' revolving loan fund pool with notice to the Tennessee housing development agency (THDA) and to retain all funds, including any funds used for initial capitalization or interest earnings on repayments. - Amends TCA Title 13, Chapter 23.
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Bill History
Roll Call Votes
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