NASHVILLE, Tenn. – The Tennessee Comptroller’s Division of Local Finance will merge with the Division of Bond Finance to create the Office of State and Local Finance effective Thursday.
The office will assume all duties of the former two divisions.
The Division of Bond Finance has been responsible for managing the state’s debt, including issuance of all bonds, notes and payments of the debt. The Division of Local Finance has been responsible for approving budgets and debt obligations and providing technical assistance for local governments throughout Tennessee.
The office will be led by Mary-Margaret Collier, former director of the Division of Bond Finance.