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republic-os/legislation/us/states/tn/114/sb-114.md
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---
type: "Bill"
title: "Public Funds and Financing - As enacted, broadens certain disclosure obligations of state and local governmental entities by requiring their disclosure of covenant violations and credit rating downgrades to the comptroller of the treasury or the comptroller's designee. - Amends TCA Section 9-21-134."
description: "Public Funds and Financing - As enacted, broadens certain disclosure obligations of state and local governmental entities by requiring their disclosure of covenant violations and credit rating downgrades to the comptroller of the treasury or the comptroller's designee. - Amends TCA Section 9-21-134."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "114"
identifier: "SB 114"
citation: "Tennessee SB 114 (114)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Harshbarger"]
version_count: 1
action_count: 20
vote_count: 3
first_action: "2025-01-13"
last_action: "2025-03-21"
source: "openstates"
source_identifier: "ocd-bill/33ec530f-8cc4-4702-884f-b8627702dfa5"
source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=SB0114&ga=114"
source_hash: "d0408060ce7a8bbba7f6675a82c5e1ff5252450d7f4d3388911f3797949888e6"
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 114 (114) — Public Funds and Financing - As enacted, broadens certain disclosure obligations of state and local governmental entities by requiring their disclosure of covenant violations and credit rating downgrades to the comptroller of the treasury or the comptroller's designee. - 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](https://capitol.tn.gov/Bills/114/Bill/SB0114.pdf)
## Votes
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed — **862** (pass) · lower
- FLOOR VOTE: Third Consideration 2/24/2025 Passed (1) — **330** (pass) · upper
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/18/2025 Passed — **80** (pass) · upper
## Sponsors
- Harshbarger — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-01-13** Filed for introduction `filing`
- **2025-01-14** Introduced, Passed on First Consideration `introduction`
- **2025-01-15** Passed on Second Consideration, refer to Senate State and Local Government Committee `referral-committee`
- **2025-02-11** Placed on Senate State and Local Government Committee calendar for 2/18/2025
- **2025-02-18** Recommended for passage, refer to Senate Calendar Committee
- **2025-02-20** Placed on Senate Regular Calendar for 2/24/2025
- **2025-02-24** Sponsor(s) Added. `sponsorship`
- **2025-02-24** Engrossed; ready for transmission to House `receipt`
- **2025-02-24** Passed Senate, Ayes 33, Nays 0 `passage`
- **2025-02-27** Reset on Reg. Cal. for 3/3/2025
- **2025-02-27** Subst. for comp. HB. `substitution`
- **2025-02-27** Rcvd. from S., held on H. desk.
- **2025-03-03** Passed H., Ayes 86, Nays 2, PNV 0 `passage`
- **2025-03-04** Enrolled and ready for signatures `enrolled`
- **2025-03-05** Signed by Senate Speaker `passage`
- **2025-03-06** Signed by H. Speaker `passage`
- **2025-03-10** Transmitted to Governor for action. `executive-receipt`
- **2025-03-12** Signed by Governor. `executive-signature`
- **2025-03-21** Effective date(s) 03/12/2025
- **2025-03-21** Pub. Ch. 17
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/33ec530f-8cc4-4702-884f-b8627702dfa5`. Confidence: reported (aggregated from official Tennessee legislature records).