22′ HB2886/SB2901 – Lamberth/Johnson

Bill Description

Bond Issues - As enacted, authorizes the state to issue and sell bonds of up to $583.5 million; cancels the bonds authorized by Chapter 758, Public Acts of 2020; allocates proceeds of $500 million of bonds to the department of finance and administration to provide funds for the purpose of making a grant to Nashville/Davidson County for the construction of a domed sports stadium. (For the Tennessee Titan's new stadium.

TLRC Position

Bad bill - Corporate welfare in all forms should be opposed. Our state government should not be giving economic advantages to any public or private for-profit entities. Let the free market pick winners and losers.

TLRC Observed Process

Passed unanimously in the senate.  Opposed by a number of conservative republicans in the house.

Vote Result: Passed

Score: -1

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