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Votes at a glance: Funding Board approves meeting minutes, moves $407.64 to debt service; comptroller's office reports Hickman County note
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Summary
At the April 20 meeting the Tennessee State Funding Board approved routine minutes and a $407.64 transfer from capital projects to the debt service fund; the comptroller's local government finance office reported approval of a $1.2 million tax anticipation note for Hickman County (report only).
The Tennessee State Funding Board completed routine approvals and received a reports-only notification at its April 20 meeting.
The board approved the minutes from its March 23, 2026 meeting after a motion and second. The motion to approve the minutes was moved and seconded and passed by voice vote.
The board also approved a resolution to transfer $407.64, the unspent portion of the 2015 Series A bonds, from the capital projects fund to the debt service fund for payment of debt service on those bonds. Kayla Carr described the transfer, saying it moves the unspent portion from the capital projects fund to the debt service fund, an allowable use of those funds. A motion and a second were recorded and the resolution passed by voice vote.
Separately, Steve Osborne, assistant director for Local Government Finance in the Comptroller's office, reported that following the February declaration of a natural disaster for Winter Storm Fern, Hickman County requested a $1,200,000 tax anticipation note to finance disaster-related operations. Osborne said the comptroller's office approved the note with a maturity of June 30, 2028; the item was presented as a report only and required no board action.
The board adjourned following these items.
