SIGNED INTO LAWAMENDEDTennesseeMEDIUM IMPACT
Changes to Grant Anticipation Notes Process for Local Governments
✅Enacted law
This law changes how local governments in Tennessee can issue and sell grant anticipation notes. Before this change, there were specific rules about issuing these notes. Now, the comptroller has the authority to approve certain notes if a natural disaster caused economic distress for the local government. This affects local governments that need financial assistance due to disasters. The exact effective date is not specified.
Published April 13, 2026
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