The proceeds arising from the collection of assessments levied for improvements authorized by this part and part 2 of this chapter and chapter 32 of this title shall be and constitute a separate and distinct fund. Such fund, together with its accumulations, is hereby pledged for the payment of the bonds and interest coupons issued for the improvement or improvements from the assessments of which the fund arises, and shall be applied exclusively to the payment of the bonds and coupons.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 33 - Improvement Bonds
§ 7-33-101. Power to Issue Bonds to Pay Improvement Costs
§ 7-33-114. Assessments Set Aside for Payment of Bonds
§ 7-33-117. Collection of Assessments Notwithstanding Tax Levy
§ 7-33-118. Assessments and Bonds Unaffected by Irregularities
§ 7-33-119. Assessments Pledged for Payment of Bonds
§ 7-33-120. Segregation and Deposit of Assessment Collections