Tennessee Comptroller of the Treasury - Local Development Authority

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The Tennessee Local Development Authority is delegated the responsibility for issuing bonds and notes to provide funds (1) to make loans to local governments for water, sewer and solid waste resource recovery facilities, (2) to make loans to certain small business concerns for pollution control facilities, (3) to make loans to local government units for capital projects, (4) to make loans to farmers for certain capital improvements, (5) to make loans to counties for the acquisition of equipment for use by county or volunteer fire departments serving unincorporated areas, (6) to make loans to airport authorities and municipal airports, (7) to make loans to mental health/mental retardation and drug facilities, and (8) to reimburse reasonable and safe cleanup of petroleum sites. As of June 30, 2012 the Authority's outstanding indebtedness was $7,620,000 in bonds.

The membership of the Authority by position and current members are as follows:

Governor Haslam