Tennessee Governor Bill Haslam's proposed budget amendment includes $50 million dollars for a new state library and archives building.
Finance Commissioner Larry Martin said on Tuesday that the combined $40 million from the state and $10 million from the Secretary of State's Office represents about half of the projected cost for the facility.
Martin says the second half of the funding is expected to be included in next year's spending plan.
The Library and Archives' facility is 65 years old and has faced moisture issues and space limitations.
The new facility is planned to be built across from the new state museum that is under construction near the state Capitol in Nashville.
