NASHVILLE, Tenn. - Today, Tennessee Governor Bill Lee announced the appointment of Butch Eley as Deputy to the Governor. Eley will continue serving in his current role as Commissioner for the Tennessee Department of Finance and Administration (F&A) and as a member of Gov. Lee’s cabinet. The position of Deputy Governor was previously held by Lang Wiseman who has returned to the private sector.
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Governor Lee, Commissioner Rolfe Announce Macy’s, Inc. to Expand Operations in Robertson County
Wednesday, February 09, 2022 | 09:00amTennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Macy’s, Inc. officials announced today that the company will expand operations in Robertson County.
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Announcement of Maximum Effective Rate of Interest on Home Loans
Tuesday, February 08, 2022 | 09:55amThe Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of March, 2022 is 6.14 percent per annum. The rate as set by the said law is an amount equal to four percentage points above the index of market yields of long-term government bonds adjusted to a thirty (30) year maturity by the U. S. Department of the Treasury. For the most recent weekly average statistical data available preceding the date of this announcement, the calculated rate is 2.14 percent.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 8, 2022
Tuesday, February 08, 2022 | 09:52amNASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 7, 2022.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Governor Lee, Commissioner Rolfe Announce Tritium to Establish US Manufacturing Operations in Wilson County
Tuesday, February 08, 2022 | 04:00amTennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Tritium officials announced today the company will establish its U.S. manufacturing base in Tennessee. Tritium DCFC Limited (Tritium), a global leader in the electric vehicle (EV) charging industry, currently expects to create more than 500 new jobs over the next five years in Lebanon, more than doubling its existing workforce across operations in Australia, Europe, Asia and the U.S.
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Tenn. National Guard Field Artillery unit returns home from Middle East
Monday, February 07, 2022 | 11:50amSMYRNA, Tenn. – More than 145 Soldiers from the Tennessee National Guard’s 1st Battalion, 181st Field Artillery Regiment, returned home, Feb. 6, after a successful 10-month deployment to the Middle East. An additional 190 Soldiers from the 1-181st have already returned to Tennessee on Feb. 3, marking the deployment’s completion for the 335 members of the Chattanooga based unit.
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New Entry-Level Commercial Driver Training Goes into Effect February 7, 2022
Friday, February 04, 2022 | 03:57pmNASHVILLE --- Beginning February 7, 2022, new federal regulations go into effect to improve highway safety by ensuring that entry-level commercial motor vehicle (CMV) drivers complete training required by the new entry-level driver training (ELDT) regulations. Effective February 7, entry-level CMV drivers won't be eligible to take their commercial driver license (CDL) test until successfully completing a specific program of theory and behind-the-wheel instruction provided by a school or other entity listed on Federal Motor Carrier Safety Administration’s (FMCSA) new Training Provider Registry (TPR).
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New National Guard armory being built in McMinnville
Friday, February 04, 2022 | 10:36amNASHVILLE, Tenn. – After more than 60 years, McMinnville’s National Guardsmen are getting a new home.
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2022 Specialty Crop Block Grant Program Open
Friday, February 04, 2022 | 08:53amThe Tennessee Department of Agriculture (TDA) is now accepting applications for the United States Department of Agriculture (USDA) Specialty Crop Block Grant Program (SCBGP). SCBGP funds are granted to enhance production and competitiveness of specialty crops, including fruits and vegetables, dried fruits, tree nuts, honey, floriculture, and other nursery crops.
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Tennessee Needs at Least $61.9 Billion of Public Infrastructure Improvements
Friday, February 04, 2022 | 08:41amNASHVILLE—Tennessee needs at least $61.9 billion worth of public infrastructure improvements during the five-year period of July 2020 to June 2025—a $3.4 billion (5.7%) increase from the year before—according to a new report by the Tennessee Advisory Commission on Intergovernmental Relations (TACIR). Of the $3.4 billion increase in infrastructure needs reported in this year’s inventory, just over $2.0 billion (60.2%) is attributable to increases in the estimated cost for Transportation and Utilities, followed by $978 million (29.4%) for increases in the cost of Education. Infrastructure needs for Transportation and Utilities increased for the sixth year in a row. Increases in the cost of road projects ($1.5 billion) and an increase in new road projects ($1.1 billion) attributed to the overall increase of transportation infrastructure, though these costs were offset by $521 million in completed road projects. Additionally, Nashville reports needing high capacity bus rapid transit at a cost of $506 million.
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Tenn. National Guard Field Artillery unit returns home from Middle East
Thursday, February 03, 2022 | 06:28pmSMYRNA, Tenn. – More than 190 Soldiers from the Tennessee National Guard’s 1st Battalion, 181st Field Artillery Regiment, returned home, Feb. 3, after a successful 10-month deployment to the Middle East. An additional 140 Soldiers from the 1-181st are scheduled to return Feb. 5, marking the completion of the unit’s year-long mission.
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Governor Lee Proposes Significant Investments in Transportation and Infrastructure
Thursday, February 03, 2022 | 02:56pmNashville, Tenn. – The Tennessee Department of Transportation (TDOT) would receive more than $600 million as part of Governor Bill Lee’s FY22-23 Budget proposal.
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Weekly East Tennessee Construction Report for February 3-9, 2022
Thursday, February 03, 2022 | 02:45pmA listing of lane closures and road construction activities for 24 East Tennessee counties.
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Tennessee Department of Health Recognizes Teen Dating Violence Awareness Month
Thursday, February 03, 2022 | 12:50pmNASHVILLE – Everyone deserves a healthy relationship founded on trust, honesty, respect, equality, and compromise. Youth and young adults must be guided and taught to build healthy relationships and identify unhealthy ones. This February, the Tennessee Department of Health is taking part in Teen Dating Violence Awareness Month to help prevent and bring awareness to dating violence among Tennessee teens.