No owner of any bonds issued under this chapter shall have the right to compel any exercise of the taxing powers of this state, the associated municipality, or any other municipality or political subdivision of this state to pay such bonds or the interest thereon. Each bond issued under this chapter shall recite in substance that such bond, including the interest thereon, is payable solely from the revenues pledged to the payment thereof, and that the bond does not constitute a debt of this state, any municipality, or any other political subdivision of this state.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 36 - Municipal Energy Authority Act
§ 7-36-102. Chapter Definitions
§ 7-36-108. Independent Operation of Utility System
§ 7-36-116. Rights and Remedies of Bondholders
§ 7-36-117. Bond Not Debt of State, Municipality, or Other Political Subdivision of State
§ 7-36-122. Payments in Lieu of Taxes
§ 7-36-124. Investment of Funds
§ 7-36-125. Assets After Cessation of Existence of Authority
§ 7-36-126. Authority as Political Subdivision for Purposes of Regulation of Public Utilities
§ 7-36-127. Board as Governing Body for Purposes of Open Meetings Act
§ 7-36-128. Authority as Governmental Entity for Purposes of Governmental Tort Liability Act
§ 7-36-129. Authority as Public Agency for Purposes of Interlocal Cooperation Act
§ 7-36-131. Powers Conferred by Chapter Additional to Other Powers