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Funding board approves minutes, certifies debt-service funds and authorizes $1.034B in GO bonds; cancels $80M in highway bonds
Summary
The Tennessee State Funding Board on July 21 approved minutes and multiple borrowing resolutions, including authorization of $1,034,547,000 in general obligation bonds and cancellation of $80,000,000 in highway bonds.
The Tennessee State Funding Board on July 21 took several procedural and financing actions, including approving meeting minutes and multiple resolutions authorizing and cancelling state borrowing.
The board approved the minutes from its June 23, 2025 meeting by voice vote.
Sandy Thompson presented and the board approved a resolution certifying the amount of taxes and fees to be deposited into the debt service fund to cover debt service expenses for fiscal year 2526; the resolution was effective July 1, 2025.
The board approved a resolution cancelling certain unissued general…
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