Industrial Development Boards - Debt Reporting
Pursuant to Tenn. Code Ann. § 7-53-304, each Industrial Development Board (IDB) must maintain an aggregate listing of its current debt, including conduit debt obligations, in accordance with guidelines approved by the State Funding Board. Each IDB must file the listing annually and must file notice of default of any of its debt obligations. The State Funding Board has approved guidelines that must be followed by IDBs when preparing and submitting the required information. Please see the documents below for further instruction and assistance.