HB1407Introduced in the House
AN ACT to authorize the state of Tennessee, acting by resolutions of its funding board, to issue and sell its bonds and bond anticipation notes to provide for acquisition of equipment and sites, and erection, construction, and equipment of sites and buildings, expressly including the acquisition of existing structures for expansion, improvements, betterments, and extraordinary repairs to existing structures, for construction of highways, and repair, replacement, or rehabilitation of bridges, and for grants to any county, metropolitan government, incorporated town, city, special district of the state, or any governmental agency or instrumentality of any of them; to make grants to industrial development corporations to provide for acquisition of equipment and acquisition, site preparation, erection, construction, and equipment of sites and buildings; and infrastructure improvements and development; to issue its debt in excess of the authorized amount to fund discount and costs of issuance; and to provide for the expenditure of said funds. This act makes appropriations for an indefinite period of time for the purpose of allocating the proceeds of the bonds and notes authorized by this act.
Introduced by William Lamberth, District 44
What does this bill do?
Plain-English breakdown
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Official description
As enacted, authorizes the state to issue and sell bonds.
Where it stands
Effective date(s) 05/21/2025
May 27, 2025
How did lawmakers vote?
House votes
3 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: FLOOR VOTE: Third Consideration · April 16, 2025
33
Yes
0
No
0
Absent or Not Voting
33 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Adam Lowe | 1 | Yes |
| Tom Hatcher | 2 | Yes |
| Rusty Crowe | 3 | Yes |
| Robert Harshbarger | 4 | Yes |
| Randy McNally | 5 | Yes |
| Becky Massey | 6 | Yes |
| Richard Briggs | 7 | Yes |
| Jessie Seal | 8 | Yes |
| Steve Southerland | 9 | Yes |
| Todd Gardenhire | 10 | Yes |
Bill history
Filed for introduction
Sponsor(s) Added.
Intro., P1C.
P2C, ref. to Finance, Ways, and Means Committee
Assigned to s/c Finance, Ways, and Means Subcommittee
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
Rec for pass if am by s/c ref. to Finance, Ways, and Means Committee
Placed on cal. Finance, Ways, and Means Committee for 4/15/2025
Rec. for pass. if am., ref. to Calendar & Rules Committee
Placed on cal. Calendar & Rules Committee for 4/15/2025
H. Placed on Appropriations Calendar for 4/16/2025
H. adopted am. (Amendment 1 - HA0444)
Sponsor(s) Added.
Passed H., as am., Ayes 91, Nays 2, PNV 2
Engrossed; ready for transmission to Sen.
Received from House, Passed on First Consideration
Senate substituted House Bill for companion Senate Bill.
Amendment withdrawn. (Amendment 1 - SA0424)
Passed Senate, Ayes 33, Nays 0
Enrolled; ready for sig. of H. Speaker.
Signed by H. Speaker
Signed by Senate Speaker
Transmitted to Governor for his action.
Signed by Governor.
Pub. Ch. 528
Effective date(s) 05/21/2025
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