Newsroom

A listing of lane closures and road construction activities for 24 East Tennessee counties.

Today, the Tennessee Department of Human Services (TDHS), in partnership with Governor Bill Lee and the Families First Community Advisory Board, recognized the 7 collaborative groups selected for $175 million in Implementation Grants to further the Department’s vision of fundamentally changing the way low-income families are served in Tennessee.

The 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 October, 2022 is 7.31 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 3.31 percent. Persons affected by the maximum effective rate of interest for home loans as set forth in this notice should consult legal counsel as to the effect of the Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221 as amended by P.L. 96-399) and regulations pursuant to that Act promulgated by the Federal Home Loan Bank Board. State usury laws as they relate to certain loans made after March 31, 1980, may be preempted by this Act.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on September 6, 2022.

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter announced today that Ebbtide Holdings, LLC doing business as TN Composites will invest $23.1 million to expand its manufacturing operations in Dickson County over the next five years. Through this investment, TN Composites expects to create up to 132 jobs at its existing White Bluff facility over this same period.

The Division of TennCare and Strategic Technology Solutions in the Department of Finance & Administration are among 31 projects out of 90 submitted from 16 states that are finalists for NASCIO’s State IT Recognition Awards.

The Tennessee Department of Agriculture (TDA) announces the application dates for this year’s Tennessee Agricultural Enhancement Program (TAEP) cost share program are Oct. 1-7, 2022. Producers fulfill requirements to defray the costs of strategic investments in their operations. The goal is to increase profitability and efficiency while promoting long-term investments in Tennessee’s agriculture.

A listing of lane closures and road construction activities for 24 East Tennessee counties.

NASHVILLE --- On September 1, Tennessee Department of Safety and Homeland Security Commissioner Jeff Long swore in the newest members of the Tennessee Highway Patrol (THP). THP cadet class 922 is composed of prior certified law enforcement officers. Of the nine graduates, five were prior out-of-state troopers/state police (Alaska, California, two from Louisiana, and Washington). The other graduates were former THP troopers who rejoined the Tennessee Highway Patrol. THP cadet class 922 completed five weeks of specialized training, which builds upon their training and experience received as prior law enforcement officers. The new troopers will continue training with troopers who are classified as field training officers.

The Tennessee State Museum is the recipient of the 2022 Southeastern Museums Conference (SEMC) Silver Award in the over $100,000 budget category for its current exhibition, "Painting the Smokies: Art, Community, and the Making of a National Park." The SEMC Exhibition Competition showcases the best in our profession and provides benchmarks for regional exhibition efforts in southeastern museums.

A complete list of lane closure activity due to construction or maintenance operations on state-owned roads within the 21 west Tennessee counties of TDOT Region 4.

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and Piedmont Lithium officials announced today the company will invest $582 million to establish a lithium hydroxide processing, refining and manufacturing facility in Southeast Tennessee.

NASHVILLE, Tenn. (Aug. 30, 2022) – Tennessee tourism generated $24.2 billion in domestic and international travel spending in 2021, according to recently released economic impact data from U.S. Travel Association and Tourism Economics. It also marks the largest visitor spending nationally in Tennessee’s history. Travelers in Tennessee spend an estimated $66 million per day. Travel in Tennessee generated $1.9 billion in state and local tax revenue. Travel and tourism is also the third largest employer in the state.