Votes at a glance: State Funding Board approves bond, policy and loan items on June 23, 2025

The Tennessee State Funding Board on June 23 approved a series of resolutions, updates and administrative items by voice vote. The meeting record shows motions, seconds and unanimous "aye" voice votes for each item; the transcript does not include roll-call tallies.

Key approvals and actions recorded in the meeting materials and approved by the board:

• Cancellation of authorized bonds for the University of Memphis: The board approved a resolution canceling $154,564 of authorized bonds related to a University of Memphis property purchase that had been funded through the state's commercial paper program. Sandy Thompson described that the university has repaid the borrowing and the cancellation is effective June 23, 2025.

• Certification of special revenues (TCA 9-9-104(b)): The board approved a resolution certifying that special tax revenues pledged for debt service meet the statutory requirements: all…