HB1490 — Public Funds and Financing - As enacted, clarifies that "balloon indebtedness" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134.

HB1490 — Public Funds and Financing - As enacted, clarifies that "balloon indebtedness" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134. · Informed CitizenryHB1490 amends the Local Government Public Obligations Act of 1986 by updating the definition of "balloon indebtedness." The bill clarifies that balloon indebtedness includes the refinancing of a de…Open in Informed Citizenry