In order to provide emergency technical and financial assistance to a local government, the state funding board is authorized to guarantee the payment of a loan made to a local government by another lender only under the following conditions:
Structure 2021 Tennessee Code
Chapter 13 - Loans to Local Subdivisions in Emergencies
Part 2 - Emergency Financial Aid to Local Governments
§ 9-13-202. Legislative Intent
§ 9-13-204. Loan Guarantees — Cutoff Date for Guarantee
§ 9-13-208. Notice of Director's Approval for Purchases or Payments
§ 9-13-210. Reports to Legislative Committees
§ 9-13-211. Penalty for Nonperformance
§ 9-13-212. Issuance of Notes — Guidelines — Use for Operational Expenses