Such loans shall be made only to such municipalities or counties as can be shown to have incurred unanticipated losses of revenue necessitated or prompted by decrees or orders of competent courts reducing the assessments of railroad or public utility properties which are centrally assessed by the comptroller of the treasury and the state board of equalization.
Structure 2021 Tennessee Code
Chapter 13 - Loans to Local Subdivisions in Emergencies
§ 9-13-101. Authority to Lend Appropriated Funds
§ 9-13-102. Reduction of Assessment of Utility Property as Prerequisite for Loan
§ 9-13-103. Application for Loan
§ 9-13-104. Determination of Necessity for Loan