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HB 224

Local Education Agencies - As introduced, enacts the "School District Capital Improvements Investment Trust Act." - Amends TCA Title 49.

114th Regular Session (2025-2026) Introduced by Kirk Haston

Tennessee bill creates an investment trust mechanism for school districts to finance capital improvement projects, pending Education Committee review since March 2025.

Action def. in Education Committee to First Calendar of 2026
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Bill Summary · HB 224

Legislative bill overview

HB 224 would establish the "School District Capital Improvements Investment Trust Act" in Tennessee, creating a new mechanism for local education agencies to finance and manage capital improvement projects. The bill amends Tennessee Code Annotated Title 49 (Education), though the specific details of the trust structure, funding mechanisms, and requirements are not provided in the available information.

Why is this important

School infrastructure significantly affects student learning outcomes, safety, and operational efficiency. Creating a dedicated trust mechanism could streamline how districts finance major facility upgrades, renovations, and new construction—projects that typically require substantial upfront capital. This addresses a real challenge many school districts face in funding aging buildings and expanding facilities.

Potential points of contention

  • Funding source clarity – Whether the trust draws from existing education budgets, new tax revenue, bonding authority, or public-private partnerships remains unclear and could affect district finances differently
  • Accountability and oversight – Questions about who controls trust assets, how projects are selected, audit requirements, and whether rural/urban districts receive equitable access to funds
  • Implementation costs – Administrative expenses for managing a new trust structure could reduce actual capital spending, and smaller districts may face disproportionate burden

Compiled from official sources — confirm details with the bill’s official record.

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