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Tennessee Municipal Bond Fund selects new chair, member

Award
TMBF President and CEO Wade Morrell, left, presents a plaque honoring her service to outgoing TMBF Chair and Morristown Councilwoman Kay Senter, right

Portland Mayor Mike Callis has been selected as the new chairman of the Tennessee Municipal Bond Fund after Morristown Councilwoman Kay Senter’s term as chairman ended June 30. 

Board
From left to right, Portland Mayor Mike Callis, Whiteville Mayor Gene Bowden, and Athens Vice Mayor Jordan Curtis

Callis was first elected to the Portland Board of Mayor and Aldermen in 2016, serving as vice mayor. He was then elected mayor of the city in 2018. 

The Tennessee Municipal Bond Fund also recognized Kay Senter as she chaired her final board meeting. Kay has served on the TMBF Board since 2011.  

“We are deeply thankful for her steady leadership, thoughtful guidance, and many years of dedicated service,” said TMBF President and CEO Wade Morrell 

Whiteville Mayor Gene Bowden was selected as vice chairman of the TMBF board. Bowden has served as mayor of Whiteville since 2020.  

Athens Vice Mayor Jordan Curtis was selected to fill the East Tennessee board seat previously held by Kay Senter. Curtis was first elected to the Athens City Council in 2020.  

Created in 1985, TMBF, began making loans in 1986. Since its inception, programs administered by TMBF have resulted in total borrowings by local governments in Tennessee of nearly $5 billion. Many borrowers have multiple loans through one or more programs. Loan sizes range from $4,500 to $68 million. More than 280 local governments have utilized the services of TMBF resulting in tremendous cost savings for these borrowers. The interest rate on the popular variable rate pooled loan program has averaged under 1.20% since 1986. 

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