Bond Issues - As enacted, authorizes the state to issue and sell bonds. -

HB 1407 authorizes Tennessee to issue up to $1.009 billion in state bonds to fund infrastructure projects. The bill directs funds specifically for state building improvements ($795.5 million), state office facilities ($134 million), and highway/bridge construction and repairs ($80 million). These bonds will finance equipment, site acquisition, construction, and repairs for state agencies, local governments, counties, and special districts. The funds are allocated through the Department of Finance and Administration and the Department of Transportation for approved public projects.