Senate Bill 2454, also known as House Bill 2511, aims to amend the Tennessee Code Annotated, specifically Title 9, to clarify the appropriation of funds for debt service payments to certain debt issuers. The bill introduces a provision that allows for appropriations for debt service obligations to be made for an indefinite period of time.

The key amendment involves the addition of language specifying that appropriations can be made "by an airport authority under title 42, chapter 3 or 4," following the existing language regarding the housing development agency in title 13. This change is intended to broaden the scope of entities eligible for debt service payments. The act is set to take effect on July 1, 2026, in consideration of public welfare.

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