Except as otherwise authorized or provided by law, municipalities are hereby authorized to enter into long-term contracts for such period or duration as the municipality may determine for any purpose for which short-term contracts not extending beyond the term of the members of the governing body could be entered; provided, that § 7-51-902 shall govern the periods or terms of contracts, leases, and lease-purchase agreements with respect to capital improvement property.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 51 - Miscellaneous Governmental and Proprietary Functions
Part 9 - Contracts, Leases and Lease-Purchase Agreements
§ 7-51-902. Capital Improvement Property
§ 7-51-903. Long-Term Contracts
§ 7-51-906. Proprietary Contracts Unaffected
§ 7-51-907. Sewage Treatment Works and Public Water Systems
§ 7-51-908. Contracts Concerning Education
§ 7-51-909. Tax Exemption for Capital Improvement Property
§ 7-51-910. Contracts for Purchase of Natural Gas, Propane Gas or Electric Power
§ 7-51-911. Contracts for Purchase of Gasoline and Diesel Fuel