BRADENTON, Fla. — The Tennessee State Funding Board is expected to approve a new model debt policy Wednesday establishing minimum requirements for all issuers selling debt, including state and local borrowers.

The move will help the state regain its standing as a leader in debt policies for state and local governments. Under the model, public entities issuing debt will be expected to adopt their own debt-management policy by Jan. 1, 2012, using the state model as a guideline.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.