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

SB 518: 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.

Enacted Last action April 30, 2025: Pub. Ch. 170

Plain-language summary

SB 518 is a bill introduced in the Tennessee Senate on January 30, 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: Reeves. Most recent recorded action (April 30, 2025): Pub. Ch. 170.

Sponsors

Primary sponsor: Reeves.