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. 442
SENATE BILL NO. 857
By Taylor
Substituted for: House Bill No. 930
By White
AN ACT to amend Tennessee Code Annotated, Title 13, Chapter 23, relative to the homebuyers'
revolving loan program.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 13-23-310, is amended by redesignating
the existing language as subsection (a) and adding the following as a new subsection (b):
Any participating county having made loans in excess of the amount of funds in the
initial capitalization of the loan fund pool for the county may terminate its participation with
notice to THDA and may retain all funds, including any funds used for initial capitalization or
interest earnings on repayments.
SECTION 2. This act takes effect July 1, 2025, the public welfare requiring it.
SENATE BILL NO. 857
PASSED: April 21, 2025
RANDY l\lcNALLY
SPEAKER OF THE'6ENA TE
CAMERON SEXTON, SPEAKER
HOUSE OF REPRESENTATIVES
9:!:_ APPROVED this ~ day of 2025
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BILL LEE, GOVERNOREvery fact on this page links to its source, starting with the official bill record.