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~tate of ~ennessee
PUBLIC CHAPTER NO. 338
HOUSE BILL NO. 331
By Representatives Baum, Grills, Miller, Renea Jones
Substituted for: Senate Bill No. 129
By Senators Haile, Akbari, Campbell
AN ACT to amend Tennessee Code Annotated, Section 13-23-121, relative to the
Tennessee housing development agency.
WHEREAS, Tennessee Code Annotated, Section 13-23-121 (a), caps the aggregate
principal amount of the Tennessee Housing Development Agency's (THDA's) outstanding
bonds and notes at a maximum of $4,000,000,000; and
WHEREAS, since 2008, THDA has prudently managed within such statutory maximum;
however, demand for THDA below market interest rate loans to assist low and moderate income
Tennesseans has grown substantially; and
WHEREAS, the General Assembly wishes to provide THDA with greater flexibility to
address this increased demand; now, therefore,
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 13-23-121 (a), is amended by deleting
the language "four billion dollars ($4,000,000,000)," and substituting instead "five billion dollars
($5,000,000,000),".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.
HOUSE BILL NO. 331
PASSED: April 16, 2025
CAMERON SEXTON, SPEAKER
HOUSE OF REPRESENTATIVES
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RANDY I\IISNALLY
SPEAKER OF THE §ENATE
r APPROVED this day of Ma t& 2025
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