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




Town Of Monteagle Receives Certificate Of Achievement For Excellence In Financial Reporting

The Government Finance Officers Association of the United States and Canada is awarding the Town of Monteagle a Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report for the fiscal year that ended June 30, 2015. This Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, ... (click for more)

CBL & Associates Declares Common Stock Dividend And Preferred Stock Dividend

CBL & Associates Properties, Inc. on Wednesday announced that its Board of Directors has declared a quarterly cash dividend for the company’s Common Stock of $0.265 per share for the quarter ending Sept. 30. The dividend is payable on Oct. 14 to shareholders of record as of Sept. 30.  The Board also declared a quarterly cash dividend of $0.4609375 per depositary share ... (click for more)

State Board In Nashville Approves New Erlanger Behavioral Health Hospital

Members of the board of the Tennessee Health Services and Development Agency in Nashville on Wednesday unanimously approved a new $25 million Behavioral Health Hospital planned by Erlanger Health Systems on Holzclaw Avenue.   Parkridge Valley Hospital and CADAS had opposed the issuance of Certificate of Need.  The 88-bed facility will provide "acute adult inpatient ... (click for more)

Pinkston Says Offer Was Made To Dismiss Lawsuit Against Him If Prosecution Of Detective Burns Was Dropped; Judge Greenholtz "Greatly Bothered" By Any Such Offer

District Attorney Neal Pinkston said at a hearing Tuesday that an offer was made to drop a lawsuit filed against him by Gatlinburg detective Rodney Burns if he would dismiss two perjury counts against Burns. The district attorney said he should not be disqualified from continuing to prosecute the case or else attorneys would begin suing him or the judge to get a new DA or trial ... (click for more)

Downtown Needs Cleaned Up

My son and I parked on Broad Street and walked to the Billiard Club on Cherry Street this past weekend. It's probably a total of two blocks. In that short walk we passed where Rone Regency used to be on 6th Street and in that doorway was about a years worth of human feces and urine covering the doors and walls. The concrete sidewalk on the street is all broken up and the metal ... (click for more)

Roy Exum: 40 Questions About ‘Blue Bags’

No. 1 – Did you know that one in every five of the 42,000 children in the Hamilton County school district is what the experts call “food deprived?” No. 2 – Can you get your arms around the fact that a huge percentage of those 8,400 children get little, if nothing, to eat from Friday at lunch until they return to our schools on Monday? No. 3 -- Did you know that you – just ... (click for more)