SB1679 — Local Government, General - As enacted, makes changes to the process by which local governments may issue and sell grant anticipation notes; authorizes the comptroller to approve certain notes issued by a local government if the local government demonstrates that a natural disaster has caused economic distress. - Amends TCA Title 9, Chapter 13, Part 2 and Title 9, Chapter 21, Part 7.

SB1679 — Local Government, General - As enacted, makes changes to the process by which local governments may issue and sell grant anticipation notes; authorizes the comptroller to approve certain notes issued by a local government if the local government demonstrates that a natural disaster has caused economic distress. - Amends TCA Title 9, Chapter 13, Part 2 and Title 9, Chapter 21, Part 7. · Informed CitizenrySB1679 amends Tennessee Code Annotated regarding local government debt and the issuance of grant anticipation notes. The bill modifies the process for local governments to issue and sell interest-b…Open in Informed Citizenry