Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
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PUBLIC CHAPTER NO. 724
SENATE BILL NO. 2226
By Johnson, Walley, Rose
Substituted for: House Bill No. 2538
By Lamberth, Cochran, Brock Martin, Hardaway
AN ACT to amend Tennessee Code Annotated, Title 64, Chapter 9, relative to the Megasite
Authority of West Tennessee.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 64-9-104(a), is amended by adding the
following as a new subdivision:
( ) Issue bonds in the manner provided by title 7, chapter 53 for the sole purpose of
financing, in whole or in part, the cost of the acquisition, purchase, construction,
reconstruction, improvement, betterment, or extension of the water system or wastewater
system operated by the authority. The board, in determining the cost, may include all costs
and estimated costs of the issuance of the bonds, all engineering, inspection, fiscal and legal
expenses, if related to the issuance of the bonds, and interest that is estimated to accrue
during the construction period and six (6) months thereafter on money borrowed or that is
estimated to be borrowed pursuant to this chapter. The state is not liable on bonds of the
authority, the bonds are not a debt of this state, and the bonds must contain on the face of
the bonds a statement to that effect. In addition to approval by the board, the issuance of
bonds for purposes under this subdivision (a)() is subject to the approval of the state funding
board established in § 9-9-101.
SECTION 2. This act takes effect upon becoming law, the public welfare requiring it.
SENATE BILL NO. 2226
PASSED: March 26, 2026
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, - ---· RANDY Mc-N~LY
SPEAKER OF THE SENATE
CAMEMWSEXTON,SPEAKER
HOUSE OF REPRESENTATIVES
/)yx, / I ~ APPROVED this
day of 2026
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