---
type: "Bill"
title: "Public Funds and Financing - As enacted, clarifies that \"balloon indebtedness\" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134."
description: "Public Funds and Financing - As enacted, clarifies that \"balloon indebtedness\" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "110"
identifier: "HB 1490"
citation: "Tennessee HB 1490 (110)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Haile", "Hazlewood"]
version_count: 1
action_count: 31
vote_count: 3
first_action: "2018-01-09"
last_action: "2018-03-07"
source: "openstates"
source_identifier: "ocd-bill/9e0b9482-896e-4af7-b43d-ea16e7f5c065"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=HB1490&GA=110"
source_hash: "4782216897d59abc0d6c3269852b31f559514175e74a7a224a96d7c5e96452cb"
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 HB 1490 (110) — Public Funds and Financing - As enacted, clarifies that "balloon indebtedness" under the Local Government Public Obligations Act of 1986 includes the refinancing of a debt that creates a final maturity date that is 31 or more years from the original date of issuance. - Amends TCA Section 9-21-134.

## Version chain

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

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/110/Bill/HB1490.pdf)

## Votes

- LOCAL GOVERNMENT SUBCOMMITTEE: Rec. for pass by s/c ref. to Local Government Committee 1/31/2018 — **0–0** (pass) · lower
- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 2/12/2018 PASSED (1) — **93–0** (fail) · lower
- LOCAL GOVERNMENT COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/6/2018 — **0–0** (pass) · lower

## Sponsors

- Haile — primary (person)
- Hazlewood — primary (person)

## Timeline

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

- **2018-01-09** Filed for intro. `introduction, reading-1`
- **2018-01-10** Intro., P1C. `introduction`
- **2018-01-10** Filed for introduction `introduction, reading-1`
- **2018-01-11** P2C, ref. to Local Government Committee `referral-committee`
- **2018-01-11** Introduced, Passed on First Consideration `introduction`
- **2018-01-17** Assigned to s/c Local Government Subcommittee `referral-committee`
- **2018-01-17** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2018-01-24** Placed on s/c cal Local Government Subcommittee for 1/31/2018
- **2018-01-31** Placed on cal. Local Government Committee for 2/6/2018
- **2018-01-31** Rec. for pass by s/c ref. to Local Government Committee `committee-passage-favorable`
- **2018-01-31** Placed on Senate State and Local Government Committee calendar for 2/6/2018
- **2018-02-06** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2018-02-06** Placed on Senate Consent Calendar 2 calendar for 2/8/2018
- **2018-02-06** Recommended for passage, refer to Senate Calendar Committee
- **2018-02-07** Placed on cal. Calendar & Rules Committee for 2/8/2018
- **2018-02-08** H. Placed on Consent Calendar for 2/12/2018
- **2018-02-08** Engrossed; ready for transmission to House
- **2018-02-08** Passed Senate, Ayes 31, Nays 0 `passage`
- **2018-02-12** Comp. SB subst.
- **2018-02-12** Sponsor(s) Added.
- **2018-02-12** Enrolled and ready for signatures
- **2018-02-12** Passed H., Ayes 93, Nays 0, PNV 1 `passage`
- **2018-02-12** Subst. for comp. HB.
- **2018-02-12** Rcvd. from S., held on H. desk.
- **2018-02-14** Signed by H. Speaker
- **2018-02-14** Signed by Senate Speaker
- **2018-02-15** Transmitted to Governor for action.
- **2018-02-22** Signed by Governor. `executive-signature`
- **2018-03-07** Comp. became Pub. Ch. 498
- **2018-03-07** Pub. Ch. 498
- **2018-03-07** Effective date(s) 02/22/2018

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9e0b9482-896e-4af7-b43d-ea16e7f5c065`. Confidence: reported (aggregated from official Tennessee legislature records).