The Tennessee Municipal Bond Fund ( TMBF ) was created in 1985 by the Tennessee Municipal League to provide an alternative means for governmental entities to finance capital projects at a lower cost. TMBF provides options for governmental entities to consider when evaluating their lending options. TMBF partners with banks to facilitate governmental loans throughout the state of Tennessee. To date, TMBF has worked with a majority of cities and counties in Tennessee and assisted in the closing of over $5 billion dollars in loans.