Investor Update
March 27, 2009

    Proposed State Budget for Fiscal Year 2009-2010

    Governor Phil Bredesen released the 2009-2010 proposed Budget for the State of Tennessee on Monday evening, March 23, 2009. The proposed budget is based on the following principles:

    • Maintain education as the state’s top priority
    • Use Recovery Act funds to minimize impact of planned cuts
    • Reduce spending over next two years to ensure budget remains balanced
    • Protect the state’s ability to sustain services through national economic downturn

    Investors can review a copy of the budget at:

    Sale of Tennessee State School Bond Authority Debt

    The Tennessee State School Bond Authority will sell its bonds on Monday and Tuesday, March 30 and 31, 2009.

    For more information about this bond sale including: (a) a pre-recorded Investor Presentation (b) a summary of the terms of the bonds, and (c) a link to the Preliminary Official Statement, please visit our new website at www.buyTNbonds.com

    Replying to This Address

    To receive a personal copy of future Investor Updates, please reply to this email address or to Bond.finance.legaldocs@tn.gov. Likewise, if you would like to have your name deleted from future emails, please reply to this address.

    Replying to This Address

    To receive a personal copy of future Investor Updates, please reply to this email address or to State.Local.Finance@tn.gov. Likewise, if you would like to have your name deleted from future emails, please reply to this address.


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    If you do not already have the software, you can get it here.

Last revised: 3/1/11