Budget & Taxes

SB 6006 creates the Tennessee Transportation Financing Authority (TTF Authority) to provide bonds and financing for state transportation projects like highways, bridges, and transit systems. The authority, governed by a board including the governor and state finance officials, can issue bonds and use user fees to cover project costs - including construction, land acquisition, and engineering expenses. This directly affects how Tennessee funds and manages transportation infrastructure development, maintenance, and improvements statewide. The bill replaces previous financing mechanisms with a dedicated state authority to streamline project funding.