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TLDA approves State Infrastructure Fund borrower guidance after TDOT collaboration
Summary
The Tennessee Local Development Authority voted to adopt policy and guidance for the State Infrastructure Fund (SIF) after staff collaborated with the Tennessee Department of Transportation; the SIF received $50 million in the state's FY 2026 budget, and the guidance mirrors SRF borrower policies.
The Tennessee Local Development Authority voted Oct. 20 to adopt policy and guidance for borrowers under the State Infrastructure Fund, a program created by the Public Acts of 2009, chapter 525.
Ms. Carr, TLDA staff, told the board that the statute created the State Infrastructure Fund and that about $2.2 million was transferred to the fund in 2010. She said the Tennessee Department of Transportation, as part of its FY 2026 budget, received an additional $50,000,000…
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