Investor Update
May 20, 2010

    Revenue Report

    The Revenue Report for the month of April 2010 dated May 12, 2010, is attached to this Investor Update.  On an accrual basis, April is the ninth month of the 2009-2010 fiscal year.

    Tennessee Housing Market Brief

    This Housing Report for the 1st quarter of 2010 is prepared by the Business and Economic Research Center at Middle Tennessee State University. Investors can review this “Tennessee Housing Market” report (under Publications) at: http://www.thda.org/news/cover.html

    Tennessee Flood Update

    Information and updates regarding the floods in Tennessee can be found at:

    Tennessee Local Development Authority

    The Tennessee Local Development Authority intends to sell its notes on Wednesday, May 26, 2010, through a competitive sale. For more information about this note sale including a summary of the terms of the notes and a link to the Preliminary Official Statement, please visit our 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 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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Last revised: 3/1/11