Tennessee Local Development Authority

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

The Office of State & Local Finance serves as staff to the Authority. Sandra Thompson serves as the Assistant Secretary.