Senate Bill 2454 aims to amend Tennessee Code Annotated, specifically Section 9-4-5107(a), to clarify the appropriation of funds for debt service payments to certain debt issuers. The bill introduces new language that specifies that appropriations can be made "by an airport authority under title 42, chapter 3 or 4," in addition to the existing provisions for the housing development agency in title 13. This change is intended to ensure that airport authorities are explicitly included in the list of entities eligible for such appropriations.

The bill establishes that these appropriations for debt service obligations will be made for an indefinite period of time, providing greater financial stability for the involved entities. The act is set to take effect on July 1, 2026, contingent upon the public welfare.

Statutes affected:
Introduced: 9-4-5107(a), 9-4-5107