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republic-os/legislation/us/states/tn/112/sb-740.md
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---
type: "Bill"
title: "Public Funds and Financing - As enacted, increases from 20 to 30 years the amount of time within which loans from the drinking water revolving loan fund must be amortized; increases from 30 to 40 years the time within which such loans must be amortized when made to disadvantaged communities. - Amends TCA Title 68, Chapter 221, Part 12."
description: "Public Funds and Financing - As enacted, increases from 20 to 30 years the amount of time within which loans from the drinking water revolving loan fund must be amortized; increases from 30 to 40 years the time within which such loans must be amortized when made to disadvantaged communities. - Amends TCA Title 68, Chapter 221, Part 12."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 740"
citation: "Tennessee SB 740 (112)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Johnson", "Lamberth"]
version_count: 1
action_count: 38
vote_count: 6
first_action: "2021-01-06"
last_action: "2021-04-06"
source: "openstates"
source_identifier: "ocd-bill/32a3cddc-4c54-4154-b9f1-9934e79856a5"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0740&GA=112"
source_hash: "b3829b6cc476c19c690bda7906d43c77dad9448dc2cb847b1a630e0cb7d8ad05"
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 740 (112) — Public Funds and Financing - As enacted, increases from 20 to 30 years the amount of time within which loans from the drinking water revolving loan fund must be amortized; increases from 30 to 40 years the time within which such loans must be amortized when made to disadvantaged communities. - Amends TCA Title 68, Chapter 221, Part 12.
## 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/SB0740.pdf)
## Votes
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/8/2021 3/4/2021 (2) — **00** (fail) · lower
- HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/2/2021 (3) — **00** (pass) · lower
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/8/2021 Passed (1) — **910** (pass) · lower
- FLOOR VOTE: Motion to Adopt 3/15/2021 Passed (1) — **300** (pass) · upper
- HOUSE BUSINESS AND UTILITIES SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/24/2021 (4) — **00** (pass) · lower
- SENATE ENERGY, AGRICULTURE AND NATURAL RESOURCES COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/10/2021 Passed (2) — **80** (pass) · upper
## Sponsors
- Johnson — primary (person)
- Lamberth — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2021-01-06** Filed for introduction `introduction, reading-1`
- **2021-01-12** Intro., P1C. `introduction`
- **2021-01-13** Caption bill, held on desk - pending amdt.
- **2021-01-13** P2C held on desk.
- **2021-02-08** Sponsor(s) Added.
- **2021-02-09** Filed for introduction `introduction, reading-1`
- **2021-02-09** Assigned to s/c Business & Utilities Subcommittee `referral-committee`
- **2021-02-09** Ref. to Commerce Committee `referral-committee`
- **2021-02-10** Introduced, Passed on First Consideration `introduction`
- **2021-02-10** Placed on s/c cal Business & Utilities Subcommittee for 2/17/2021
- **2021-02-11** Passed on Second Consideration, refer to Senate Energy, Ag., and Nat. Resources Committee
- **2021-02-17** Placed on s/c cal Business & Utilities Subcommittee for 2/24/2021
- **2021-02-17** Meeting Canceled
- **2021-02-23** Sponsor(s) Added.
- **2021-02-24** Placed on cal. Commerce Committee for 3/2/2021
- **2021-02-24** Rec. for pass by s/c ref. to Commerce Committee `committee-passage-favorable`
- **2021-03-02** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2021-03-03** Placed on Senate Energy, Ag., and Nat. Resources Committee calendar for 3/10/2021
- **2021-03-03** Placed on cal. Calendar & Rules Committee for 3/4/2021
- **2021-03-04** H. Placed on Consent Calendar for 3/8/2021
- **2021-03-08** Passed H., Ayes 91, Nays 0, PNV 4 `passage`
- **2021-03-08** Sponsor(s) Added.
- **2021-03-09** Sponsor(s) Added.
- **2021-03-09** Engrossed; ready for transmission to Sen.
- **2021-03-10** Recommended for passage, refer to Senate Calendar Committee
- **2021-03-11** Placed on Senate Consent Calendar 2 for 3/15/2021
- **2021-03-11** Received from House, Passed on First Consideration `introduction`
- **2021-03-15** Companion House Bill substituted
- **2021-03-15** Passed Senate, Ayes 30, Nays 0 `passage`
- **2021-03-15** Senate substituted House Bill for companion Senate Bill.
- **2021-03-17** Enrolled; ready for sig. of H. Speaker.
- **2021-03-18** Signed by H. Speaker
- **2021-03-22** Signed by Senate Speaker
- **2021-03-23** Transmitted to Governor for his action. `executive-receipt`
- **2021-03-31** Signed by Governor. `executive-signature`
- **2021-04-06** Comp. became Pub. Ch. 79
- **2021-04-06** Effective date(s) 03/31/2021
- **2021-04-06** Pub. Ch. 79
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/32a3cddc-4c54-4154-b9f1-9934e79856a5`. Confidence: reported (aggregated from official Tennessee legislature records).