Except to the extent of any revenues that may be specifically allocated, transferred, contributed or pledged by a municipality in accordance with this chapter and laws, rules and regulations applicable to this chapter, no municipality shall in any event be liable for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever that may be undertaken by the authority, and none of the bonds of the authority or any of its agreements or obligations shall be construed to constitute an indebtedness of the municipality within the meaning of any constitutional or statutory provision whatsoever.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 67 - Sports Authorities Act of 1993
§ 7-67-103. Chapter Definitions
§ 7-67-104. Application for Incorporation to Governing Body of Municipality
§ 7-67-107. Amendment of Charter
§ 7-67-109. Powers of the Authority
§ 7-67-115. Nonliability of Municipality
§ 7-67-117. Execution of Leases, Contracts, Deeds
§ 7-67-118. Nonprofit Corporation — Disposition of Earnings