BRADENTON, Fla. - After hearing from more than a dozen professionals and local elected officials about the future use of variable-rate debt and derivatives in Tennessee, the state's comptroller has decided to take comments from the public before finalizing recommendations to the State Funding Board.

In a series of proposed changes to the state's existing regulations, Comptroller Justin Wilson has recommended numerous restrictions on the use of variable-rate debt and derivatives, including provisions that would effectively prevent most small cities and counties from engaging in such transactions.

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