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republic-os/legislation/us/states/tn/112/sb-1406.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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---
type: "Bill"
title: "Public Funds and Financing - As enacted, revises on a temporary basis, from May 11, 2021, to January 1, 2023, provisions governing collateral for public deposits so that a qualified public depository that accepts any public deposit between May 1, 2021, and December 31, 2022, that would increase its collateral by 25 percent will have 10 calendar days from the date of the deposit to deposit additional collateral to secure such increase. - Amends TCA Title 6; Title 8 and Title 9."
description: "Public Funds and Financing - As enacted, revises on a temporary basis, from May 11, 2021, to January 1, 2023, provisions governing collateral for public deposits so that a qualified public depository that accepts any public deposit between May 1, 2021, and December 31, 2022, that would increase its collateral by 25 percent will have 10 calendar days from the date of the deposit to deposit additional collateral to secure such increase. - Amends TCA Title 6; Title 8 and Title 9."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 1406"
citation: "Tennessee SB 1406 (112)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Moon", "Powers"]
version_count: 3
action_count: 42
vote_count: 6
first_action: "2021-02-04"
last_action: "2021-05-18"
source: "openstates"
source_identifier: "ocd-bill/505e55f2-801a-44de-b2d6-c1f8480ab2b1"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB1406&GA=112"
source_hash: "e0200392621598dc76e7c33aef8465e0ac24d1a7754349918b031d89608f585f"
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 1406 (112) — Public Funds and Financing - As enacted, revises on a temporary basis, from May 11, 2021, to January 1, 2023, provisions governing collateral for public deposits so that a qualified public depository that accepts any public deposit between May 1, 2021, and December 31, 2022, that would increase its collateral by 25 percent will have 10 calendar days from the date of the deposit to deposit additional collateral to secure such increase. - Amends TCA Title 6; Title 8 and Title 9.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Amendment HA0320** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/HA0320.pdf)
2. **Amendment SA0339** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Amend/SA0339.pdf)
3. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB1406.pdf)
## Votes
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 4/14/2021 Passed (2) — **9–0** (pass) · upper
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/19/2021 4/15/2021 (2) — **0–0** (fail) · lower
- FLOOR VOTE: Third Consideration 4/26/2021 Passed (1) — **30–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR AS AMENDED PASSAGE ON THIRD CONSIDERATION 4/19/2021 Passed (1) — **89–0** (pass) · lower
- HOUSE CITIES SUBCOMMITTEE: Rec for pass if am by s/c ref. to Local Government Committee 4/6/2021 — **0–0** (fail) · lower
- HOUSE LOCAL GOVERNMENT COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee 4/13/2021 (3) — **0–0** (pass) · lower
## Sponsors
- Moon — primary (person)
- Powers — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-02-04** Filed for introduction `introduction, reading-1`
- **2021-02-08** Intro., P1C. `introduction`
- **2021-02-10** Assigned to s/c Cities & Counties Subcommittee `referral-committee`
- **2021-02-10** P2C, ref. to Local Government Committee `referral-committee`
- **2021-02-11** Introduced, Passed on First Consideration `introduction`
- **2021-02-11** Filed for introduction `introduction, reading-1`
- **2021-02-22** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2021-03-31** Sponsor(s) Added.
- **2021-03-31** Sponsor change.
- **2021-03-31** Placed on s/c cal Cities & Counties Subcommittee for 4/6/2021
- **2021-03-31** Sponsor(s) Added.
- **2021-04-05** Sponsor(s) Added.
- **2021-04-06** Sponsor(s) Added.
- **2021-04-06** Sponsor change.
- **2021-04-06** Rec for pass if am by s/c ref. to Local Government Committee `referral-committee`
- **2021-04-07** Placed on Senate State and Local Government Committee calendar for 4/13/2021
- **2021-04-07** Placed on cal. Local Government Committee for 4/13/2021
- **2021-04-13** Placed on Senate State and Local Government Committee calendar for 4/14/2021
- **2021-04-13** Action deferred in Senate State and Local Government Committee to 4/14/2021
- **2021-04-13** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2021-04-14** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0
- **2021-04-14** Placed on cal. Calendar & Rules Committee for 4/15/2021
- **2021-04-15** H. Placed on Regular Calendar for 4/19/2021
- **2021-04-19** Passed H., as am., Ayes 89, Nays 0, PNV 0 `passage`
- **2021-04-19** H. adopted am. (Amendment 1 - HA0320) `amendment-passage`
- **2021-04-19** Sponsor(s) Added.
- **2021-04-20** Engrossed; ready for transmission to Sen.
- **2021-04-21** Received from House, Passed on First Consideration `introduction`
- **2021-04-23** Placed on Senate Regular Calendar for 4/26/2021
- **2021-04-26** Sponsor(s) Added.
- **2021-04-26** Companion House Bill substituted
- **2021-04-26** Passed Senate, Ayes 30, Nays 0 `passage`
- **2021-04-26** Amendment withdrawn. (Amendment 1 - SA0339)
- **2021-04-26** Senate substituted House Bill for companion Senate Bill.
- **2021-04-28** Enrolled; ready for sig. of H. Speaker.
- **2021-04-30** Signed by H. Speaker
- **2021-05-03** Signed by Senate Speaker
- **2021-05-04** Transmitted to Governor for his action. `executive-receipt`
- **2021-05-11** Signed by Governor. `executive-signature`
- **2021-05-18** Comp. became Pub. Ch. 393
- **2021-05-18** Effective date(s) 05/11/2021
- **2021-05-18** Pub. Ch. 393
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/505e55f2-801a-44de-b2d6-c1f8480ab2b1`. Confidence: reported (aggregated from official Tennessee legislature records).
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