Tennessee · 114th Regular Session (2025-2026) · Bill

HB 561: Utilities, Utility Districts - As enacted, authorizes certain utility systems to borrow money in anticipation of revenue collections and to issue negotiable notes to evidence such borrowing to provide emergency cash flow for such systems, with oversight of such actions by the comptroller of the treasury; establishes deadline for the payment of such notes. - Amends TCA Section 7-34-111; Section 7-36-113; Section 7-82-501; Section 7-82-702; Section 68-221-1311 and Section 68-221-611.

In committee Last action April 30, 2025: Comp. became Pub. Ch. 170

Plain-language summary

HB 561 is a bill introduced in the Tennessee House on January 29, 2025. According to its official title, it concerns: Utilities, Utility Districts - As enacted, authorizes certain utility systems to borrow money in anticipation of revenue collections and to issue negotiable notes to evidence such borrowing to provide emergency cash flow for such systems, with oversight of such actions by the comptroller of the treasury; establishes deadline for the payment of such notes. - Amends TCA Section 7-34-111; Section 7-36-113; Section 7-82-501; Section 7-82-702; Section 68-221-1311 and Section 68-221-611. Primary sponsor: Kip Capley (Republican). Most recent recorded action (April 30, 2025): Comp. became Pub. Ch. 170.

Sponsors

Primary sponsor: Kip Capley (Republican).