2025-2026 Regular SessionTennessee Legislature

SB1430: 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; 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 introduced, authorizes the state to issue and sell bonds of up to $1,009,547,000.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/14/2025
Filed for introduction
Senate
2/20/2025
Introduced, Passed on First Consideration
Senate
2/24/2025
Passed on Second Consideration, refer to Senate Finance, Ways & Means Committee
Senate
4/8/2025
Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025
Senate
4/15/2025
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 2
Senate
4/15/2025
Placed on Senate Regular Calendar 2 for 4/16/2025
Senate
4/15/2025
Sponsor(s) Added.
Senate
4/16/2025
Companion House Bill substituted
Senate
5/27/2025
Comp. became Pub. Ch. 528

Amendments

SA0424

Amendment 1-0 to SB1430

4/15/2025Not Adopted

Roll Call Votes

SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 2
4/15/2025
8
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(5/27/2025)
Chamber
Senate

Sponsors

Republican: 2

Primary Sponsor

Jack Johnson
Jack Johnson
Republican

Co-Sponsors (1)

Documents

Chaptered
Bill Text5/22/2025279.6 KB
Draft
Bill Text2/14/202522.9 KB
Fiscal Note/Analysis
Fiscal Note/Analysis4/2/2025124.7 KB
Fiscal Note
Fiscal Note3/25/2025123.7 KB