HB1266 - Tennessee - Water Authorities

Companion Bill SB2298. Water Authorities - Permits water and wastewater authorities to access low cost loans for wastewater facilities as a "local government" and requires representation of water and waste water authorities on the wastewater financing board. - Amends TCA Title 68, Chapter 221. Fiscal Summary for *HB1266 / SB2298 MINIMAL Bill Summary for *HB1266 / SB2298 Under present law, the Wastewater Facilities Act supports local governments' efforts to finance wastewater facilities. The Wastewater Facilities Act includes, for example, low cost loans to local governments and authorization for local governments to assess, levy and collect ad valorem taxes and to pledge the full faith and credit and unlimited taxing power, if any, of the local government. This bill expands the local government entities that the Wastewater Facilities [...]

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