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Tennessee State School Bond Authority approves expanded debt policy to allow financing of non‑auxiliary E&G projects
Summary
The Tennessee State School Bond Authority on Oct. 20 approved revisions to its Debt Management Policy to permit financing of non‑auxiliary educational and general (E&G) projects, including academic buildings, libraries and medical colleges, and to add a new debt limit assessment for those projects.
The Tennessee State School Bond Authority approved revisions to its Debt Management Policy at its Oct. 20 meeting, adopting language to permit the authority to finance non‑auxiliary educational and general (E&G) projects and to add a debt‑limit calculation and assessment for those projects.
The change matters because it expands the types of higher education projects the authority may finance beyond auxiliary facilities, adding academic buildings, libraries and medical colleges to the list of eligible projects, and because it establishes an explicit…
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