No holder or holders of any bonds issued pursuant to this part shall ever have the right to compel the levy of any tax to pay the bonds or the interest on the bonds. Each bond shall recite in substance that the bond and interest on the bond are payable solely from the revenue pledged to the payment of the bonds and that the bond does not constitute a debt of the district within the meaning of any statutory limitation.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 86 - Emergency Communications
Part 1 - Emergency Communications District Law
§ 7-86-103. Chapter Definitions
§ 7-86-106. Status — Corporate Powers — Charges Not Taxes
§ 7-86-109. Additional Funding
§ 7-86-116. Payment of Bonds and Interest — Recitals on Bonds
§ 7-86-117. Exemption From Taxation
§ 7-86-122. Deposit and Investment of Idle Funds
§ 7-86-124. Disbursement, Transfer, Withdrawal or Investment of Financial Assets
§ 7-86-126. Security of District Funds by Depositories
§ 7-86-130. Disposition of 911 Surcharge Revenue Collected in Excess of Annual Fiscal Requirements