SB2141 - Tennessee - Regional Authorities And Special Districts

Companion Bill HB2172. Regional Authorities and Special Districts - Enacts the "Tennessee Regional Megasite Authority Act of 2007." - Amends TCA Title 64. Fiscal Summary for SB2141 / *HB2172Increase Local Govt. Expenditures - $180,000/Permissive Other Fiscal Impact - It is assumed that bonds will be issued to fund the activities of the authority. If $200,000,000 in 30 year bonds were to be issued at a 6% interest rate, the debt service payments on such bonds is estimated to be approximately $16,400,000 per year. It is further assumed that at some point in the future that any project funded by the authority will be sold at an amount substantially exceeding $1,000,000. Bill Summary for SB2141 / *HB2172 This bill authorizes the creation of regional megasite authorities by two or more participating counties. Any regional megasite authority created [...]

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