All Public Funds And Financing Legislation - Tennessee
SB4268
Latest Action: 07/02/2008 - Public Chapter 1193 Bill Text Bond Issues - Authorizes the issuance of bonds of up to $138,000,000 for the construction of State Route 840. - Fiscal Summary for SB4268 / *HB4267Increase State Expenditures-$15,331,800 - 1st Year Debt Service/ Highway Fund $227,189,400 Over life of the bonds $139,380,000 Principal $ 87,809,400 Interest Comment on Bill HB4267
Latest Action: 07/02/2008 - Companion became Public Chapter 1193 Bill Text Bond Issues - Authorizes the issuance of bonds of up to $138,000,000 for the construction of State Route 840. - Fiscal Summary for *HB4267 / SB4268Increase State Expenditures-$15,331,800 - 1st Year Debt Service/ Highway Fund $227,189,400 Over life of the bonds $139,380,000 Principal $ 87,809,400 Interest HB4218
Latest Action: 07/02/2008 - Companion became Public Chapter 1202 Bill Text Companion Bill SB4215. Bond Issues - Authorizes issuance of bonds to fund state projects. - Fiscal Summary for HB4218 / *SB4215No Fiscal Summary for HB4218 / *SB4215 Bill Summary for HB4218 / *SB4215 ON MAY 21, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 4215, AS AMENDED. AMENDMENT #1 authorizes issuance of an additional $29,700,000 worth of bonds to be allocated to the department of finance and administration and expended for the purposes of acquisition of equipment, and erection, construction, and equipment of sites and buildings, and making grants to local governmental entities for projects that are approved by the state building commission. SB4215
Latest Action: 07/02/2008 - Public Chapter 1202 Bill Text Companion Bill HB4218. Bond Issues - Authorizes issuance of bonds to fund state projects. - Fiscal Summary for *SB4215 / HB4218No Fiscal Summary for *SB4215 / HB4218 Bill Summary for *SB4215 / HB4218 ON MAY 21, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 4215, AS AMENDED. AMENDMENT #1 authorizes issuance of an additional $29,700,000 worth of bonds to be allocated to the department of finance and administration and expended for the purposes of acquisition of equipment, and erection, construction, and equipment of sites and buildings, and making grants to local governmental entities for projects that are approved by the state building commission. HB4216
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2007-2008 fiscal year to exceed the index of estimated growth in the state's economy by $12,300,000 or 0.1 percent. - Fiscal Summary for HB4216 / *SB4217Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,300,000 for FY07-08. HB4217
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2008-2009 fiscal year to exceed the index of estimated growth in the state's economy by $12,700,000 or 0.1 percent. - Fiscal Summary for HB4217 / *SB4216Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,700,000 for FY08-09. SB4216
Latest Action: 02/11/2008 - Passed second consideration, Referred to Senate F,W&M Comm. Bill Text Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2008-2009 fiscal year to exceed the index of estimated growth in the state's economy by $12,700,000 or 0.1 percent. - Fiscal Summary for *SB4216 / HB4217Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,700,000 for FY08-09. SB4217
Latest Action: 02/11/2008 - Passed second consideration, Referred to Senate F,W&M Comm. Bill Text Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2007-2008 fiscal year to exceed the index of estimated growth in the state's economy by $12,300,000 or 0.1 percent. - Fiscal Summary for *SB4217 / HB4216Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,300,000 for FY07-08. HB4219
Latest Action: 07/02/2008 - Companion became Public Chapter 1203 Bill Text Companion Bill SB4213. Appropriations - Makes appropriations for fiscal years 2007-2008 and 2008-2009. - Fiscal Summary for HB4219 / *SB4213Not Available Bill Summary for HB4219 / *SB4213 ON MAY 21, 2008, THE SENATE ADOPTED AMENDMENTS #2 AND #3 AND PASSED SENATE BILL 4213, AS AMENDED. ON MAY 21, 2008, THE HOUSE SUBSTITUTED SENATE BILL 4213 FOR HOUSE BILL 4219, ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 4213, AS AMENDED. SB4213
Latest Action: 07/02/2008 - Public Chapter 1203 Bill Text Companion Bill HB4219. Appropriations - Makes appropriations for fiscal years 2007-2008 and 2008-2009. - Fiscal Summary for *SB4213 / HB4219Not Available Bill Summary for *SB4213 / HB4219 ON MAY 21, 2008, THE SENATE ADOPTED AMENDMENTS #2 AND #3 AND PASSED SENATE BILL 4213, AS AMENDED. ON MAY 21, 2008, THE HOUSE SUBSTITUTED SENATE BILL 4213 FOR HOUSE BILL 4219, ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 4213, AS AMENDED. HB4046
Latest Action: 04/23/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3737. Public Funds and Financing - Requires divestment and prohibits investment in countries practicing apartheid or genocide; requires divestment and prohibits investment in companies doing business with countries practicing apartheid or genocide; prohibits state contracts with companies doing business with countries practicing apartheid or genocide. - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5; Title 9, Chapter 4 and Title 12, Chapter 4. Fiscal Summary for HB4046 / *SB3737Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill [...] show full description Latest Action: 05/08/2008 - Public Chapter 750 Bill Text Companion Bill SB4162. Public Funds and Financing - Specifies that the present law requirement for each agency of state government to establish and maintain internal accounting and administrative controls applies to institutions of higher education; requires such entities to annually perform a management assessment of risk. - Amends TCA Title 9, Chapter 18. Fiscal Summary for *HB4118 / SB4162 Increase State Expenditures - Not Significant Bill Summary for *HB4118 / SB4162 Present law requires each agency of state government to maintain internal accounting and administrative controls to provide reasonable assurance that: (1) Obligations and costs are in compliance with applicable law; (2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3) Revenues and expenditures [...] show full description HB4183
Latest Action: 05/14/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB4120. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for *HB4183 / SB4120Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description SB4120
Latest Action: 05/12/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB4183. Public Funds and Financing - Provides certain funding mechanism to defray the cost of constructing a stadium to be used principally for certain professional baseball games. - Amends TCA Title 67, Chapter 6. Fiscal Summary for SB4120 / *HB4183Other Fiscal Impact - If the newly constructed stadium is for the Nashville Sounds, and at least one hotel and one restaurant is built in conjunction with that new stadium, then a decrease of state revenue estimated to exceed $600,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. In addition, an unknown amount of foregone state revenue estimated to exceed $100,000 per year, with an offsetting increase to local government (Nashville) revenue of the same amount. Such foregone state revenue results from expected incremental sales occurring at the newly-constructed [...] show full description SB4162
Latest Action: 05/08/2008 - Companion became Public Chapter 750 Bill Text Companion Bill HB4118. Public Funds and Financing - Specifies that the present law requirement for each agency of state government to establish and maintain internal accounting and administrative controls applies to institutions of higher education; requires such entities to annually perform a management assessment of risk. - Amends TCA Title 9, Chapter 18. Fiscal Summary for SB4162 / *HB4118 Increase State Expenditures - Not Significant Bill Summary for SB4162 / *HB4118 Present law requires each agency of state government to maintain internal accounting and administrative controls to provide reasonable assurance that: (1) Obligations and costs are in compliance with applicable law; (2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3) Revenues and expenditures [...] show full description HB4125
Latest Action: 05/08/2008 - Companion became Public Chapter 813 Bill Text Fines and Penalties - Revises provisions governing the disposition by counties of funds generated by the increase in DUI fines that was enacted in 1994 to allow appropriations to mental health treatment facilities, in addition to drug and alcohol treatment facilities, and to allow appropriations to specialized court programs and specialized court dockets that supervise offenders with drug, alcohol, and/or mental health issues. - Amends TCA Title 55, Chapter 10, Part 4. Fiscal Summary for *HB4125 / SB4169MINIMAL SB4169
Latest Action: 05/08/2008 - Public Chapter 813 Bill Text Fines and Penalties - Revises provisions governing the disposition by counties of funds generated by the increase in DUI fines that was enacted in 1994 to allow appropriations to mental health treatment facilities, in addition to drug and alcohol treatment facilities, and to allow appropriations to specialized court programs and specialized court dockets that supervise offenders with drug, alcohol, and/or mental health issues. - Amends TCA Title 55, Chapter 10, Part 4. Fiscal Summary for SB4169 / *HB4125MINIMAL HB3872
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/15/2008 Bill Text Public Funds and Financing - Specifies that interest earnings generated by the fund balance in the reserve for revenue fluctuations account will not revert to the general fund but will be allocated to the reserve for revenue fluctuations account; requires general assembly to pass a bill when it chooses to fund less than the statutorily required amount to the reserve for revenue fluctuations account; bill may not contain any subject matter other than the funding of the account. - Amends TCA Title 9, Chapter 4. Fiscal Summary for *HB3872 / SB3952MINIMAL SB3940
Latest Action: 05/08/2008 - Public Chapter 762 Bill Text Public Funds and Financing - Increases from 22.5 cents to 30 cents the amount per person in a county that each county must annually pay to the comptroller to help with the expenses and compensation of auditors. - Amends TCA Section 9-3-210. Fiscal Summary for SB3940 / *HB3731Increase State Revenue - $253,200 Increase Local Expenditures* - $253,200 SB3952
Latest Action: 05/12/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Public Funds and Financing - Specifies that interest earnings generated by the fund balance in the reserve for revenue fluctuations account will not revert to the general fund but will be allocated to the reserve for revenue fluctuations account; requires general assembly to pass a bill when it chooses to fund less than the statutorily required amount to the reserve for revenue fluctuations account; bill may not contain any subject matter other than the funding of the account. - Amends TCA Title 9, Chapter 4. Fiscal Summary for SB3952 / *HB3872MINIMAL SB3947
Latest Action: 03/03/2008 - Received from Senate, held on House desk. Bill Text Bond Issues - Clarifies to which items the authority in the 2007 bond bill to issue bonds in amounts not to exceed 2.5 percent applies by correcting the placement of such provision. - Amends Public Chapter 591, Acts of 2007, and TCA Title 9, Chapter 9. Fiscal Summary for SB3947 / *HB3724Increase State Expenditures - Not Significant SB3948
Latest Action: 05/23/2008 - Public Chapter 929 Bill Text Companion Bill HB3723. Municipal Government - Grants municipalities an additional year to meet the requirement of employing a certified municipal finance officer; authorizes a municipality with $100,000 or less in gross revenues for all funds, including utilities but excluding one time non-recurring grants, and with debt totaling $100,000 or less in the immediately preceding fiscal year to employ an individual who has earned at least 24 hours of continuing education units of financial education for the calendar year instead of employing a certified municipal finance officer (CMFO) or contracting with a CMFO or a qualified individual who is exempt from CMFO certification for financial oversight. - Amends TCA Title 6, Chapter 56, Part 4. Fiscal Summary for SB3948 / *HB3723 Local Expenditures - Cost Avoidance - $18,537,000/FY08-09, FY09-10, FY10-11 Bill [...] show full description HB3724
Latest Action: 03/17/2008 - Held on desk. Bill Text Bond Issues - Clarifies to which items the authority in the 2007 bond bill to issue bonds in amounts not to exceed 2.5 percent applies by correcting the placement of such provision. - Amends Public Chapter 591, Acts of 2007, and TCA Title 9, Chapter 9. Fiscal Summary for *HB3724 / SB3947Increase State Expenditures - Not Significant HB3723
Latest Action: 05/23/2008 - Companion became Public Chapter 929 Bill Text Companion Bill SB3948. Municipal Government - Grants municipalities an additional year to meet the requirement of employing a certified municipal finance officer; authorizes a municipality with $100,000 or less in gross revenues for all funds, including utilities but excluding one time non-recurring grants, and with debt totaling $100,000 or less in the immediately preceding fiscal year to employ an individual who has earned at least 24 hours of continuing education units of financial education for the calendar year instead of employing a certified municipal finance officer (CMFO) or contracting with a CMFO or a qualified individual who is exempt from CMFO certification for financial oversight. - Amends TCA Title 6, Chapter 56, Part 4. Fiscal Summary for *HB3723 / SB3948 Local Expenditures - Cost Avoidance - $18,537,000/FY08-09, FY09-10, FY10-11 Bill [...] show full description HB3731
Latest Action: 05/08/2008 - Companion became Public Chapter 762 Bill Text Public Funds and Financing - Increases from 22.5 cents to 30 cents the amount per person in a county that each county must annually pay to the comptroller to help with the expenses and compensation of auditors. - Amends TCA Section 9-3-210. Fiscal Summary for *HB3731 / SB3940Increase State Revenue - $253,200 Increase Local Expenditures* - $253,200 SB3463
Latest Action: 04/28/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2427. Public Funds and Financing - Enacts "Sudanese Divestment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for SB3463 / *HB2427Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for SB3463 / *HB2427 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to [...] show full description SB3489
Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB3094. Public Funds and Financing - Enacts "Transparency in Government Act." - Amends TCA Title 9, Chapter 4 and Title 67. Fiscal Summary for SB3489 / *HB3094Increase State Expenditures - $3,616,000 - One-Time Exceeds $500,000 - Recurring Bill Summary for SB3489 / *HB3094 This bill requires the department of finance and administration to develop a single, searchable Web site accessible to the public at no cost that provides information on expenditures of state funds. It also requires the department of revenue to prepare a report on preferential tax treatment, which will be posted on the Web site. For each expenditure, the Web site must include at least: the name and principal location or residence of the entity or recipients of the funds, the amount of state funds expended, the type of transaction,[...] show full description SB3664
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Public Funds and Financing - Authorizes qualified associated developments in a tourism development zone to include facilities owned by a bona fide charitable or nonprofit organization. - Amends TCA Title 7, Chapter 88, Part 1. Fiscal Summary for SB3664 / *HB3126Decrease State Revenue - $500,000 Increase Local Revenue - $500,000 SB3737
Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB4046. Public Funds and Financing - Requires divestment and prohibits investment in countries practicing apartheid or genocide; requires divestment and prohibits investment in companies doing business with countries practicing apartheid or genocide; prohibits state contracts with companies doing business with countries practicing apartheid or genocide. - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5; Title 9, Chapter 4 and Title 12, Chapter 4. Fiscal Summary for *SB3737 / HB4046Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill [...] show full description HB3094
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill Text Companion Bill SB3489. Public Funds and Financing - Enacts "Transparency in Government Act." - Amends TCA Title 9, Chapter 4 and Title 67. Fiscal Summary for *HB3094 / SB3489Increase State Expenditures - $3,616,000 - One-Time Exceeds $500,000 - Recurring Bill Summary for *HB3094 / SB3489 This bill requires the department of finance and administration to develop a single, searchable Web site accessible to the public at no cost that provides information on expenditures of state funds. It also requires the department of revenue to prepare a report on preferential tax treatment, which will be posted on the Web site. For each expenditure, the Web site must include at least: the name and principal location or residence of the entity or recipients of the funds, the amount of state funds expended, the type of transaction,[...] show full description HB3126
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Public Funds and Financing - Authorizes qualified associated developments in a tourism development zone to include facilities owned by a bona fide charitable or nonprofit organization. - Amends TCA Title 7, Chapter 88, Part 1. Fiscal Summary for *HB3126 / SB3664Decrease State Revenue - $500,000 Increase Local Revenue - $500,000 HB2951
Latest Action: 04/09/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3161. Public Funds and Financing - Enacts the "No Investment in Sudan Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9. Fiscal Summary for *HB2951 / SB3161Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for *HB2951 / SB3161 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to Sudan [...] show full description SB3161
Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB2951. Public Funds and Financing - Enacts the "No Investment in Sudan Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9. Fiscal Summary for SB3161 / *HB2951Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for SB3161 / *HB2951 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to Sudan [...] show full description SB2838
Latest Action: 04/28/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2438. Public Funds and Financing - Enacts the "No Investment in Iran Act." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9. Fiscal Summary for SB2838 / *HB2438Increase State Expenditures - $1,875,000/One-Time $104,300/Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $625,000/One-Time $34,700/Annual Amortized Cost Bill Summary for SB2838 / *HB2438 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Iran, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's total revenues or assets are linked to Iran and involve oil-related [...] show full description HB2617
Latest Action: 01/16/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2590. Public Funds and Financing - Enacts "Terror-Free Investment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for HB2617 / *SB2590Increase State Expenditures - $4,050,000 / One-Time $90,000 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $1,350,000 / One-Time $30,000 / Annual Amortized Cost Bill Summary for HB2617 / *SB2590 This bill requires that all international equity holdings held by the Tennessee consolidated retirement system (TCRS) exclude global security risk prohibitive companies by January 1, 2009. For purposes of this bill, a "global security risk prohibitive [...] show full description SB2590
Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2617. Public Funds and Financing - Enacts "Terror-Free Investment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for *SB2590 / HB2617Increase State Expenditures - $4,050,000 / One-Time $90,000 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $1,350,000 / One-Time $30,000 / Annual Amortized Cost Bill Summary for *SB2590 / HB2617 This bill requires that all international equity holdings held by the Tennessee consolidated retirement system (TCRS) exclude global security risk prohibitive companies by January 1, 2009. For purposes of this bill, a "global security risk prohibitive [...] show full description HB2438
Latest Action: 04/16/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB2838. Public Funds and Financing - Enacts the "No Investment in Iran Act." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9. Fiscal Summary for *HB2438 / SB2838Increase State Expenditures - $1,875,000/One-Time $104,300/Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $625,000/One-Time $34,700/Annual Amortized Cost Bill Summary for *HB2438 / SB2838 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Iran, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's total revenues or assets are linked to Iran and involve oil-related [...] show full description HB2427
Latest Action: 04/16/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3463. Public Funds and Financing - Enacts "Sudanese Divestment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for *HB2427 / SB3463Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for *HB2427 / SB3463 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to [...] show full description Latest Action: 06/08/2007 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB2336. Budget Procedures - Revises various provisions governing state budget procedures such as eliminating the requirement that a separate section of the budget set forth the anticipated revenues of state government from taxes levied by the state and the requirement that the budget present in this separate section all proposed expenditures of state-levied taxes; revises other provisions governing contents of the budget and performance-based budgeting. - Amends TCA Title 9, Chapter 4, Parts 51 and 56. Fiscal Summary for *HB2358 / SB2336State Expenditures - Cost Avoidance: FY07-08 - $1,121,000 FY08-09 - $865,200 FY09-10 - $3,022,900 Bill Summary for *HB2358 / SB2336 This bill revises or eliminates a number of different procedures related to budgeting and planning. This bill [...] show full description SB2333
Latest Action: 07/12/2007 - Public Chapter 589 Bill Text Companion Bill HB2347. Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2007-2008 fiscal year to exceed the index of estimated growth in the state's economy by $57,300,000 or .46 percent. - Amends TCA Title 9, Chapter 4, Part 52. Fiscal Summary for SB2333 / *HB2347Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,000,000 for FY07-08. Bill Summary for SB2333 / *HB2347 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2333, AS AMENDED. AMENDMENT #1 revises the amount by which the index of appropriations from the state sales tax revenue for the 2006-2007 fiscal year may exceed the index of estimated growth in the State's economy to be $57.3 million or 0.46 percent. SB2336
Latest Action: 05/31/2007 - Withdrawn. Bill Text Companion Bill HB2358. Budget Procedures - Revises various provisions governing state budget procedures such as eliminating the requirement that a separate section of the budget set forth the anticipated revenues of state government from taxes levied by the state and the requirement that the budget present in this separate section all proposed expenditures of state-levied taxes; revises other provisions governing contents of the budget and performance-based budgeting. - Amends TCA Title 9, Chapter 4, Parts 51 and 56. Fiscal Summary for SB2336 / *HB2358State Expenditures - Cost Avoidance: FY07-08 - $1,121,000 FY08-09 - $865,200 FY09-10 - $3,022,900 Bill Summary for SB2336 / *HB2358 This bill revises or eliminates a number of different procedures related to budgeting and planning. This bill [...] show full description Latest Action: 03/07/2007 - Assigned to Subcommittee Budget of FW&M Bill Text Appropriations - Appropriates certain funds for fiscal years beginning July 1, 2006, and July 1, 2007. - Fiscal Summary for *HB2349 / SB2337Not Available Latest Action: 07/19/2007 - Companion became Public Chapter 603 Bill Text Appropriations - Makes appropriations for fiscal years 2006-2007 and 2007-2008. - Fiscal Summary for *HB2353 / SB2334Not Available SB2334
Latest Action: 07/19/2007 - Public Chapter 603 Bill Text Appropriations - Makes appropriations for fiscal years 2006-2007 and 2007-2008. - Fiscal Summary for SB2334 / *HB2353Not Available SB2337
Latest Action: 02/26/2007 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm. Bill Text Appropriations - Appropriates certain funds for fiscal years beginning July 1, 2006, and July 1, 2007. - Fiscal Summary for SB2337 / *HB2349Not Available SB2308
Latest Action: 06/11/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Public Funds and Financing - Authorizes the state funding board to enter into an agreement to guarantee the principal and interest on the revenue bonds of the Northwest Tennessee Regional Port Authority in an aggregate principal amount of up to $16 million for a term not to exceed 20 years. - Amends TCA Title 7, Chapter 87 and Title 9, Chapter 9. Fiscal Summary for SB2308 / *HB2213Decrease Local Govt. Expenditures - $53,000 Other Fiscal Impact - By guaranteeing bonds for the port authority, the state would be required to appropriate approximately $1,230,000 for annual debt service on the bond issuance. However, such funds would not actually be spent unless the port authority defaults on the obligation to repay such bonds. Latest Action: 07/12/2007 - Companion became Public Chapter 591 Bill Text Companion Bill SB2329. Bond Issues - Authorizes issuance of bonds to fund state projects. - Fiscal Summary for *HB2355 / SB2329 Increase State Expenditures - $50,473,000 - 1st Year Debt Service (Included in the Governors FY07-08 Budget Document) Other Fiscal Impact - Approximately $770,000 in additional first-year debt service will be provided by University of Memphis funds. This funding is included in the Governors FY07-08 Budget Document. $759,438,000 Over life of the bonds $465,913,000 Principal $293,525,000 Interest Bill Summary for *HB2355 / SB2329 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 2329, AS AMENDED. AMENDMENT #1 decreases the amount of bond proceeds for MTSU-related projects from $228 million to $3.7 million and, accordingly, decreases the authorized bond issue [...] show full description SB2329
Latest Action: 07/12/2007 - Public Chapter 591 Bill Text Companion Bill HB2355. Bond Issues - Authorizes issuance of bonds to fund state projects. - Fiscal Summary for SB2329 / *HB2355 Increase State Expenditures - $50,473,000 - 1st Year Debt Service (Included in the Governors FY07-08 Budget Document) Other Fiscal Impact - Approximately $770,000 in additional first-year debt service will be provided by University of Memphis funds. This funding is included in the Governors FY07-08 Budget Document. $759,438,000 Over life of the bonds $465,913,000 Principal $293,525,000 Interest Bill Summary for SB2329 / *HB2355 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENTS #1 AND #2 AND PASSED SENATE BILL 2329, AS AMENDED. AMENDMENT #1 decreases the amount of bond proceeds for MTSU-related projects from $228 million to $3.7 million and, accordingly, decreases the authorized bond issue [...] show full description Latest Action: 07/12/2007 - Companion became Public Chapter 589 Bill Text Companion Bill SB2333. Budget Procedures - Authorizes the index of appropriations from state tax revenues for the 2007-2008 fiscal year to exceed the index of estimated growth in the state's economy by $57,300,000 or .46 percent. - Amends TCA Title 9, Chapter 4, Part 52. Fiscal Summary for *HB2347 / SB2333Other Fiscal Impact - Authorizes an increase in appropriations from state taxes up to $12,000,000 for FY07-08. Bill Summary for *HB2347 / SB2333 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2333, AS AMENDED. AMENDMENT #1 revises the amount by which the index of appropriations from the state sales tax revenue for the 2006-2007 fiscal year may exceed the index of estimated growth in the State's economy to be $57.3 million or 0.46 percent. HB1890
Latest Action: 03/07/2007 - Assigned to Subcommittee Budget of FW&M Bill Text Public Funds and Financing - Removes references to the security for public deposits task force, which is obsolete. - Amends TCA Title 9, Chapter 4. Fiscal Summary for HB1890 / *SB1331MINIMAL HB2213
Latest Action: 06/06/2007 - Action Deferred in Subcommittee Budget of Finance, Ways and Means to 6/7/2007 Bill Text Public Funds and Financing - Authorizes the state funding board to enter into an agreement to guarantee the principal and interest on the revenue bonds of the Northwest Tennessee Regional Port Authority in an aggregate principal amount of up to $16 million for a term not to exceed 20 years. - Amends TCA Title 7, Chapter 87 and Title 9, Chapter 9. Fiscal Summary for *HB2213 / SB2308Decrease Local Govt. Expenditures - $53,000 Other Fiscal Impact - By guaranteeing bonds for the port authority, the state would be required to appropriate approximately $1,230,000 for annual debt service on the bond issuance. However, such funds would not actually be spent unless the port authority defaults on the obligation to repay such bonds. HB2127
Latest Action: 07/12/2007 - Companion became Public Chapter 576 Bill Text Companion Bill SB2059. Municipal Government - Establishes provisions for the certification and education of municipal finance officers. - Amends TCA Title 6, Chapter 56. Fiscal Summary for *HB2127 / SB2059No Fiscal Summary for *HB2127 / SB2059 Bill Summary for *HB2127 / SB2059 This bill requires each municipality to employ at least one certified municipal finance officer (CMFO) or an exempt individual as recorder, city clerk, director of finance, or other official or employee who has oversight responsibilities relative to the municipality's financial operation. A municipality with $300,000 or less in gross revenue for all funds and with debt totaling $300,000 or less in the immediately preceding fiscal year may, instead of employing a CMFO, contract with a CMFO or a qualified, exempt individual for financial oversight. This bill [...] show full description SB2059
Latest Action: 07/12/2007 - Public Chapter 576 Bill Text Companion Bill HB2127. Municipal Government - Establishes provisions for the certification and education of municipal finance officers. - Amends TCA Title 6, Chapter 56. Fiscal Summary for SB2059 / *HB2127No Fiscal Summary for SB2059 / *HB2127 Bill Summary for SB2059 / *HB2127 This bill requires each municipality to employ at least one certified municipal finance officer (CMFO) or an exempt individual as recorder, city clerk, director of finance, or other official or employee who has oversight responsibilities relative to the municipality's financial operation. A municipality with $300,000 or less in gross revenue for all funds and with debt totaling $300,000 or less in the immediately preceding fiscal year may, instead of employing a CMFO, contract with a CMFO or a qualified, exempt individual for financial oversight. This bill [...] show full description SB2030
Latest Action: 04/03/2007 - Assigned to Gen. Sub of Senate Tax Sub Comm. Bill Text Companion Bill HB1277. Public Funds and Financing - Authorizes additonal population figures as basis of certain tax distributions. - Amends TCA Section 9-16-101; Title 54, Chapter 4, Part 13; Section 54-4-203(a); Section 54-4-203(b); Section 54-4-103(a)(1); Section 57-5-205(1); Section 57-3-306(d); Section 67-3-906(b)(3); Section 67-3-908(a)(2)(B); Section 67-6-103(a)(3)(A); Title 67, Chapter 6, Part 13; Section 67-9-102(a)(1)(A); Section 67-9-102(a)(1)(D) and Section 67-3-905(a)(2)(B). Fiscal Summary for SB2030 / *HB1277Other Fiscal Impact - Approximately $2,900,000 is estimated to shift from local governments whose populations are decreasing to local governments whose populations are increasing. In addition, there would be permissive increases to local government expenditures for any costs related to additional censuses taken as a result of this bill. The permissive increase [...] show full description HB1369
Latest Action: 02/26/2007 - Assigned to Subcommittee Local Government of S&LG Bill Text Companion Bill SB1423. Public Utilities - Requires approval of county commission before more than 30 percent of assets of municipally-owned utility can be sold or leased. - Amends TCA Title 6, Chapter 56 and Title 9, Chapter 21, Part 1. Fiscal Summary for HB1369 / *SB1423 Other Fiscal Impact - The provisions of the bill may result in the sale or the rejection of the sale of a municipally-owned public utility that would or would not have occurred in the absence of the bill. Therefore, there may be a one-time increase or decrease in local government revenues and expenditures. The magnitude of such increase or decrease will depend upon the size of the utility but can reasonably be estimated to exceed $100,000. Bill Summary for HB1369 / *SB1423 This bill prohibits any municipally-owned public utility from being offered for sale or lease without approval [...] show full description HB1277
Latest Action: 03/14/2007 - Taken Off Notice For Calendar in Subcommittee State Government of S&LG of State & Local Government Committee Bill Text Companion Bill SB2030. Public Funds and Financing - Authorizes additonal population figures as basis of certain tax distributions. - Amends TCA Section 9-16-101; Title 54, Chapter 4, Part 13; Section 54-4-203(a); Section 54-4-203(b); Section 54-4-103(a)(1); Section 57-5-205(1); Section 57-3-306(d); Section 67-3-906(b)(3); Section 67-3-908(a)(2)(B); Section 67-6-103(a)(3)(A); Title 67, Chapter 6, Part 13; Section 67-9-102(a)(1)(A); Section 67-9-102(a)(1)(D) and Section 67-3-905(a)(2)(B). Fiscal Summary for *HB1277 / SB2030Other Fiscal Impact - Approximately $2,900,000 is estimated to shift from local governments whose populations are decreasing to local governments whose populations are increasing. In addition, there would be permissive increases to local government expenditures for any costs related to additional censuses taken as a result of this bill. The permissive increase [...] show full description Latest Action: 02/12/2007 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB0568. Public Funds and Financing - Prohibits investing public funds in companies doing business with state sponsors of terrorism; creates special committee to determine which companies do business with state sponsors of terrorism. - Amends TCA Title 9. Fiscal Summary for SB1037 / *HB0568Increase State Expenditures - $2,566,000 One-Time $51,800 Recurring Increase Local Govt. Expenditures* - $1,655,000 One-Time $58,800 Recurring Increase Federal Govt. Expenditures - $379,000 One-Time $9,400 Recurring Other Fiscal Impact - Additional increases to state, local, and federal government expenditures if this bill as written is interpreted to include debt securities such as commercial paper. Bill Summary for SB1037 / *HB0568 This bill prohibits the investing of public [...] show full description HB1205
Latest Action: 04/24/2007 - Action Deferred in Transportation Committee to 2008 Bill Text Companion Bill SB0347. Highways, Roads and Bridges - Authorizes the state and local jurisdictions to enter into contracts with private entities to operate certain transportation facilities subject to oversight regulation by the department of transportation. - Amends TCA Title 4, Chapter 3, Part 23; Title 54 and Title 65. Fiscal Summary for HB1205 / *SB0347Other Fiscal Impact - The fiscal impact of this bill is dependent upon multiple unknown factors. As a result, a precise estimate cannot be determined. However, the net increases to state and local government expenditures are reasonably estimated to exceed $1,000,000 and $500,000 per year respectively. Any such increase to local government expenditures are considered permissive. Bill Summary for HB1205 / *SB0347 This bill regulates the private construction and operation of transportation [...] show full description SB1146
Latest Action: 02/12/2007 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB0943. Public Funds and Financing - Enacts "Transparency in Government Act." - Amends TCA Title 9, Chapter 4 and Title 67. Fiscal Summary for SB1146 / *HB0943Increase State Expenditures - $3,616,000 - One-Time Exceeds $500,000 - Recurring Bill Summary for SB1146 / *HB0943 This bill requires the department of finance and administration to develop a single, searchable Web site accessible to the public at no cost that provides information on expenditures of state funds. It also requires the department of revenue to prepare a report on preferential tax treatment, which will be posted on the Web site. For each expenditure, the Web site must include at least: the name and principal location or residence of the entity or recipients of the funds, the amount of state funds expended, the type of transaction,[...] show full description SB1230
Latest Action: 02/12/2007 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB0492. Public Funds and Financing - Restricts use of public funds on certain employee influencing activities. - Amends TCA Title 9, Chapter 4 and Title 50. Fiscal Summary for SB1230 / *HB0492Increase State Expenditures - $286,800 Bill Summary for SB1230 / *HB0492 This bill prohibits the state from engaging in employee influencing activity and from paying, granting, or transferring public funds, or using public funds to reimburse a publicly-funded employer for costs or expenditures arising from or in connection with employee influencing activity. This bill also prohibits publicly-funded employers from engaging in employee influencing activity for which public money is used to pay any cost or expense or for which any cost or expense is defrayed or as to which reimbursement is sought from public funds. "Employee influencing [...] show full description SB1331
Latest Action: 03/28/2007 - Assigned to Gen. Sub of Senate Finance, Ways and Means Com. Bill Text Public Funds and Financing - Removes references to the security for public deposits task force, which is obsolete. - Amends TCA Title 9, Chapter 4. Fiscal Summary for *SB1331 / HB1890MINIMAL HB0943
Latest Action: 03/17/2008 - Withdrawn. Bill Text Companion Bill SB1146. Public Funds and Financing - Enacts "Transparency in Government Act." - Amends TCA Title 9, Chapter 4 and Title 67. Fiscal Summary for *HB0943 / SB1146Increase State Expenditures - $3,616,000 - One-Time Exceeds $500,000 - Recurring Bill Summary for *HB0943 / SB1146 This bill requires the department of finance and administration to develop a single, searchable Web site accessible to the public at no cost that provides information on expenditures of state funds. It also requires the department of revenue to prepare a report on preferential tax treatment, which will be posted on the Web site. For each expenditure, the Web site must include at least: the name and principal location or residence of the entity or recipients of the funds, the amount of state funds expended, the type of transaction,[...] show full description SB1423
Latest Ac |
