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

SB 2692 authorizes Tennessee to issue up to $438 million in state bonds to fund infrastructure projects. The funds would be allocated as $311 million to the Department of Finance and Administration for building improvements, equipment, and grants to local governments, and $127 million to the Department of Transportation for highway construction, bridge repairs, and related projects. The bonds would finance existing infrastructure needs like expanding buildings, repairing structures, and building roads, with proceeds distributed to state agencies and local entities. This procedural bill enables funding for current infrastructure priorities but does not create new policies or programs.