In the event the funds pledged shall be insufficient to meet the payments as established by the authority for its loan, the local government unit shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law.
Structure 2021 Tennessee Code
Chapter 31 - Tennessee Local Development Authority Act
Part 4 - Tennessee Local Development Authority Capital Projects Loan Act of 1990
§ 4-31-403. “Construction” Defined
§ 4-31-407. Further Agreements and Guarantees
§ 4-31-409. Allocation of Funds — Criteria
§ 4-31-410. Tax Levy to Meet Payments
§ 4-31-412. Enforcing of Agreement by Court Action