---
type: "Bill"
title: "Public Funds and Financing - As enacted, authorizes capital outlay notes to be refunded with public building authority loans, subject to review by the comptroller; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 9, Chapter 21 and Section 12-10-116."
description: "Public Funds and Financing - As enacted, authorizes capital outlay notes to be refunded with public building authority loans, subject to review by the comptroller; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 9, Chapter 21 and Section 12-10-116."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 1875"
citation: "Tennessee SB 1875 (112)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Baum", "Watson"]
version_count: 1
action_count: 35
vote_count: 6
first_action: "2022-01-19"
last_action: "2022-04-25"
source: "openstates"
source_identifier: "ocd-bill/9390c4df-b3ec-4835-b7c4-378c7ad1b8c4"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB1875&GA=112"
source_hash: "e4bec1474cd625b5afa1125078cf4a96e150d6af490f02be667e44c8f77fd12c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 1875 (112) — Public Funds and Financing - As enacted, authorizes capital outlay notes to be refunded with public building authority loans, subject to review by the comptroller; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 9, Chapter 21 and Section 12-10-116.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB1875.pdf)

## Votes

- HOUSE LOCAL GOVERNMENT COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/15/2022 (3) — **0–0** (pass) · lower
- FLOOR VOTE: Motion to Adopt 3/30/2022 Passed — **31–0** (pass) · upper
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 2/24/2022 2/17/2022 (2) — **0–0** (fail) · lower
- HOUSE CITIES SUBCOMMITTEE: Rec. for pass by s/c ref. to Local Government Committee 2/8/2022 (4) — **0–0** (pass) · lower
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 2/24/2022 Passed (1) — **88–0** (pass) · lower
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/23/2022 Passed — **8–0** (pass) · upper

## Sponsors

- Baum — primary (person)
- Watson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-19** Filed for introduction `introduction, reading-1`
- **2022-01-20** Intro., P1C. `introduction`
- **2022-01-24** Filed for introduction `introduction, reading-1`
- **2022-01-24** P2C, ref. to Local Government Committee `referral-committee`
- **2022-01-25** Assigned to s/c Cities & Counties Subcommittee `referral-committee`
- **2022-01-26** Introduced, Passed on First Consideration `introduction`
- **2022-01-27** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2022-02-02** Placed on s/c cal Cities & Counties Subcommittee for 2/8/2022
- **2022-02-08** Rec. for pass by s/c ref. to Local Government Committee `committee-passage-favorable`
- **2022-02-09** Placed on cal. Local Government Committee for 2/15/2022
- **2022-02-15** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2022-02-16** Placed on cal. Calendar & Rules Committee for 2/17/2022
- **2022-02-17** H. Placed on Consent Calendar for 2/24/2022
- **2022-02-24** Engrossed; ready for transmission to Sen.
- **2022-02-24** Passed H., Ayes 88, Nays 0, PNV 0 `passage`
- **2022-02-24** Sponsor(s) Added.
- **2022-02-28** Received from House, Passed on First Consideration `introduction`
- **2022-03-09** Placed on Senate State and Local Government Committee calendar for 3/15/2022
- **2022-03-15** Action deferred in Senate State and Local Government Committee to 3/22/2022
- **2022-03-16** Placed on Senate State and Local Government Committee calendar for 3/22/2022
- **2022-03-22** Placed on Senate State and Local Government Committee calendar for 3/23/2022
- **2022-03-22** Action deferred in Senate State and Local Government Committee to 3/23/2022
- **2022-03-23** Recommended for passage, refer to Senate Calendar Committee
- **2022-03-28** Placed on Senate Consent Calendar 2 for 3/30/2022
- **2022-03-30** Companion House Bill substituted
- **2022-03-30** Enrolled; ready for sig. of H. Speaker.
- **2022-03-30** Passed Senate, Ayes 31, Nays 0 `passage`
- **2022-03-30** Senate substituted House Bill for companion Senate Bill.
- **2022-04-04** Signed by H. Speaker
- **2022-04-05** Signed by Senate Speaker
- **2022-04-06** Transmitted to Governor for his action. `executive-receipt`
- **2022-04-14** Signed by Governor. `executive-signature`
- **2022-04-25** Comp. became Pub. Ch. 822
- **2022-04-25** Effective date(s) 04/14/2022
- **2022-04-25** Pub. Ch. 822

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9390c4df-b3ec-4835-b7c4-378c7ad1b8c4`. Confidence: reported (aggregated from official Tennessee legislature records).