Bond Issues - As enacted, authorizes the state to issue and sell bonds. -

HB 2630 authorizes Tennessee to issue up to $438 million in state bonds to fund infrastructure projects. The funds would be allocated primarily to the Department of Finance and Administration ($311 million) for building improvements, equipment, and grants to local governments, and to the Department of Transportation ($127 million) for highway construction, bridge repairs, and related projects. Local governments, counties, cities, and special districts would directly benefit through grants for public infrastructure. The bill specifies concrete uses - like repairing existing structures, expanding facilities, and building new roads - without proposing new taxes or fees.