It is in the interest and welfare of the people of Tennessee that the Tennessee local development authority be empowered to issue its revenue bonds, and to make the proceeds available for loans to counties for the purchase of equipment for the use of county or volunteer fire departments serving unincorporated areas of the county, in order to improve county and other rural fire protection, which will in turn result in improvements in fire ratings and a reduction in fire insurance premiums.
Structure 2021 Tennessee Code
Chapter 31 - Tennessee Local Development Authority Act
Part 5 - Tennessee Local Development Authority Rural Fire Protection Equipment Act of 1986
§ 4-31-507. Further Agreements and Guarantees
§ 4-31-508. Approval of Agreements — Payments Subject to Audit
§ 4-31-509. Allocation of Funds — Criteria
§ 4-31-510. Tax Levy to Meet Payments
§ 4-31-513. Enforcing of Agreement by Court Action