---
type: "Bill"
title: "Public Funds and Financing - As enacted, deauthorizes the use of promissory notes secured by a first mortgage or a first deed of trust upon residential real property as collateral by banks in which public funds are invested or deposited by a governmental entity for investments or deposits above the insurance limitations provided by the FDIC. - Amends TCA Section 9-1-107."
description: "Public Funds and Financing - As enacted, deauthorizes the use of promissory notes secured by a first mortgage or a first deed of trust upon residential real property as collateral by banks in which public funds are invested or deposited by a governmental entity for investments or deposits above the insurance limitations provided by the FDIC. - Amends TCA Section 9-1-107."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "113"
identifier: "SB 146"
citation: "Tennessee SB 146 (113)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Taylor"]
version_count: 1
action_count: 20
vote_count: 3
first_action: "2023-01-11"
last_action: "2023-04-18"
source: "openstates"
source_identifier: "ocd-bill/d690de16-2915-437c-b3ef-e0644293aef1"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0146&GA=113"
source_hash: "3afa22a602dfb3b4b74aa50030063361231a49778f397843b9816432b22d557b"
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 146 (113) — Public Funds and Financing - As enacted, deauthorizes the use of promissory notes secured by a first mortgage or a first deed of trust upon residential real property as collateral by banks in which public funds are invested or deposited by a governmental entity for investments or deposits above the insurance limitations provided by the FDIC. - Amends TCA Section 9-1-107.

## 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/113/Bill/SB0146.pdf)

## Votes

- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/28/2023 Passed — **9–0** (pass) · upper
- FLOOR VOTE: Motion to Adopt 3/6/2023 Passed (1) — **33–0** (pass) · upper
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/13/2023 Passed (1) — **95–0** (pass) · lower

## Sponsors

- Taylor — primary (person)

## Timeline

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

- **2023-01-11** Filed for introduction `filing`
- **2023-01-12** Introduced, Passed on First Consideration `introduction`
- **2023-01-20** Passed on Second Consideration, refer to Senate State and Local Government Committee `passage`
- **2023-02-14** Placed on Senate State and Local Government Committee calendar for 2/21/2023
- **2023-02-21** Placed on Senate State and Local Government Committee calendar for 2/28/2023
- **2023-02-21** Action deferred in Senate State and Local Government Committee to 2/28/2023
- **2023-02-28** Recommended for passage, refer to Senate Calendar Committee
- **2023-03-03** Placed on Senate Consent Calendar 2 for 3/6/2023
- **2023-03-06** Engrossed; ready for transmission to House `receipt`
- **2023-03-06** Passed Senate, Ayes 33, Nays 0 `passage`
- **2023-03-09** Rcvd. from S., held on H. desk.
- **2023-03-13** Passed H., Ayes 95, Nays 0, PNV 2 `passage`
- **2023-03-13** Subst. for comp. HB. `substitution`
- **2023-03-14** Signed by Senate Speaker `passage`
- **2023-03-14** Enrolled and ready for signatures `enrolled`
- **2023-03-17** Signed by H. Speaker `passage`
- **2023-03-20** Transmitted to Governor for action. `executive-receipt`
- **2023-03-31** Signed by Governor. `executive-signature`
- **2023-04-18** Effective date(s) 07/01/2023
- **2023-04-18** Pub. Ch. 83

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d690de16-2915-437c-b3ef-e0644293aef1`. Confidence: reported (aggregated from official Tennessee legislature records).