State Of Tennessee Successfully Completes $190 Million Bond Sale

Tuesday, August 19, 2014

The State of Tennessee completed the sale of just over $190 million worth of general obligation bonds today at some of the lowest interest rates in Tennessee history.

The debt offering was sold in two series, consisting of Series A for $111,065,000 in tax-exempt bonds and Series B for $79,160,000 of tax-exempt refunding bonds. The combined true interest cost of the bonds is 2.99%.

The bonds will be used to fund new capital projects and refinance currently outstanding bonds. The refinanced bonds will save Tennessee taxpayers $6.

9 million over a 16 year period.

Tennessee continues to be a low debt state, and its bonds are very attractive to buyers. For this sale Tennessee received triple-A credit ratings from Fitch Ratings and Moody’s Investor Service, and an AA-plus rating from Standard & Poor’s.

“This is one of the most successful bond sales in state history,” Comptroller Justin P. Wilson said. “Tennessee has a sterling reputation for having one of the lowest debt levels in the nation, and repaying it quickly. Our state legislators and administration should take credit for financial management that eases the burden on future generations of Tennesseans.”

If you suspect fraud, waste or abuse of public money in Tennessee, call the Comptroller’s toll-free hotline at 800-232-4343, or file a report online at: www.comptroller.tn.gov/hotline. Follow the Comptroller’s Office on twitter: @TNCOT





New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: 1016 ON NORTHSHORE LEOPOLDO  E ORMAZA SHORT TERM RENTAL 1016 MERONEY CHATTANOOGA TN 37405 3 MOVERS 1 TRUCK LLC MONTY  WILLIAMS MOVING COMPANY VARIOUS LOCATIONS CHATTANOOGA TN 37402 ACCESS CONTROL TECHNOLGIES, LLC SCOTT  UNDERBRINK LOW VOLTAGE INSTALLATION ... (click for more)

Chattanooga Chamber Calendar For Sept. 25-29

Here is the calendar for the Chattanooga Chamber of Commerce for Sept. 25-29: Tuesday, Sept. 26, Government Contracting: Managing the Maze to Get the Contract 9-11:30 a.m. BrightBridge Women’s Business Center: 535 Chestnut St., Ste. 161 Are you ready for government contracting? How to sell your products and services to federal, state and/or local governments. How to register ... (click for more)

State Finds Photos Of Guns Used In Lookout Valley Murders On Morse's Phone, But Defense Says It Got Evidence Too Late

Prosecutors said Monday that there were six photos on the phone of Derek Morse of guns tied to the murder of three people at a Lookout Valley trailer park. However, defense attorney Dan Ripper said the phone should have been checked out years ago - not on the eve of the trial. He said he got the photos last Monday - the day before jury selection began. Prosecutor Lance ... (click for more)

Opportunity Zone Begins Effort To Transform 12 Low-Performing County Schools

The Hamilton County Department of Education announced the new Opportunity Zone team that officials said "will ensure every student is post-secondary ready." The schools in this zone are: Brainerd High, The Howard School, East Lake Middle Academy, Dalewood Middle, Orchard Knob Middle, Barger Academy of Fine Arts, Calvin Donaldson Environmental Science Academy, Clifton Hills ... (click for more)

Titans Hide In The Locker Room

This Sunday, as has been widely reported, the Tennessee Titans and the Seattle Seahawks both chose to remain in their respective locker rooms during the playing of the National Anthem at Nissan Stadium.  Besides the fact that the NFL game operations manual has a rule regarding player behavior during the playing of the National Anthem which requires them to stand at attention ... (click for more)

Roy Exum - ‘Let’s Talk Real Life’

In mid-November of 2015, the Missouri football team very unwisely went on strike. A black student had refused to eat until a list of racially-based demands were met. Some on the football team were sympathetic and it quickly morphed into the biggest catastrophe in the annals of higher education. The university would lose hundreds of millions, athletic donations dropped 72 percent, ... (click for more)