Senate OKs Transportation Finance Authority to help projects avoid state debt
SB 6006, sponsored by the Tennessee Comptroller and creating the Tennessee Transportation Finance Authority to act as a conduit issuer for public–private projects under the Tennessee Modernization Act, passed the Senate on final consideration (Ayes 31, Nays 2).
The full story
The Senate approved SB 6006 to establish the Tennessee Transportation Finance Authority, a conduit issuer that would enable public–private financing of transportation projects without placing debt on the state's balance sheet.
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