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

SB 857: Housing - As enacted, authorizes any county having made loans in excess of the amount of funds in the initial capitalization of the loan fund pool for the county to terminate its participation in the homebuyers' revolving loan fund pool with notice to the Tennessee housing development agency and to retain all funds, including any funds used for initial capitalization or interest earnings on repayments. - Amends TCA Title 13, Chapter 23.

Enacted Last action May 15, 2025: Pub. Ch. 442

Plain-language summary

SB 857 is a bill introduced in the Tennessee Senate on February 5, 2025. According to its official title, it concerns: Housing - As enacted, authorizes any county having made loans in excess of the amount of funds in the initial capitalization of the loan fund pool for the county to terminate its participation in the homebuyers' revolving loan fund pool with notice to the Tennessee housing development agency and to retain all funds, including any funds used for initial capitalization or interest earnings on repayments. - Amends TCA Title 13, Chapter 23. Primary sponsor: Brent Taylor (Republican). Most recent recorded action (May 15, 2025): Pub. Ch. 442.

Sponsors

Primary sponsor: Brent Taylor (Republican).