Issue · Budget & Taxes

Budget & Taxes (Debt & Bonds)

Every budget & taxes bill, vote, and legislator stance in Tennessee, automatically classified by Maddy, our AI policy reader.

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114th First Extraordinary Session (January 2025)
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All budget & taxes bills

signed · Tennessee · Senate Feb 25, 2025

SB 6006: Public Funds and Financing - As enacted, creates the Tennessee transportation financing authority to provide financing and refinancing for the development, maintenance, and improvement of transportation facilities within the state; makes related revisions. - Amends TCA Title 4 and Title 54.

SB 6006 creates the Tennessee Transportation Financing Authority (TTF Authority) to provide bonds and financing for state transportation projects like highways, bridges, and transit systems. The authority, governed by a board including the governor and state finance officials, can issue bonds and use user fees to cover project costs - including construction, land acquisition, and engineering expenses. This directly affects how Tennessee funds and manages transportation infrastructure development, maintenance, and improvements statewide. The bill replaces previous financing mechanisms with a dedicated state authority to streamline project funding.