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The legislation, filed earlier this week in the House and would change existing rule s to give more flexibility in the areas of state jobs and bond issuanc e tied toeconomic development. On the bond end, the legislation would facilitate bond issuancefor high-profils economic development projects such as the new facility in Chattanoogw and the facility in Montgomeryu County. The legislation includes temporary changes that would be repealedJune 30, Human Resources Commissioner Deborabh Story says. • and alloqw the governor to alter the stat e work week andworkin hours, which are currently set in in a manner that is least disruptive to statew government so that furloughs can be used.
authorizing the sale of bondxs for site preparation and infrastructurwe improvements for the Volkswagen and Hemlock Semiconductor a move Bredesen says will free upsome $88 millioh in state funds to help balance the budget; allowing the state funding board to sell bonds at private sales instead of open auctionxs until June 30, 2011, to deal with marketplacs volatility; • appropriating funds to pay debt service on the bonds for the Volkswagen and Hemloci Semiconductor projects and non-recurring fund for capital outlays for the two projects and the Genera l Motors project in Maury “This legislation has been very carefully crafted to give the stat specific tools to manage through this recessiojn in a way that helps minimizes the number of potential employee layoffw and frees up state dollard to help us deal with the statw budget,” Bredesen said.
“I urge the membersw of the House and Senatre to move quickly to approvethese
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