Any local government has the power in connection with the issuance of bonds or notes to appoint a fiscal agent, to provide for the powers, duties, functions and compensation of such fiscal agent, to limit the liabilities of the fiscal agent, to prescribe a method for the resignation, removal, merger or consolidation of the fiscal agent, the appointment of a successor fiscal agent, and the transfer of rights and properties to the successor fiscal agent.
Structure 2021 Tennessee Code
Chapter 21 - Local Government Public Obligations Act of 1986
Part 1 - General Provisions Applicable to All Bonds and Notes Issued by Local Governments
§ 9-21-103. No Indebtedness Limit
§ 9-21-105. Chapter Definitions
§ 9-21-106. Rate Discrimination Prohibited
§ 9-21-107. Powers of Local Governments
§ 9-21-108. Governing Body Authorized to Act by Resolution — Procedure for Adoption of Resolutions
§ 9-21-109. Determination of Costs of Public Works Projects
§ 9-21-110. Appointment of a Fiscal Agent
§ 9-21-112. Interim Certificates
§ 9-21-115. State Control of Public Works Projects
§ 9-21-116. Hotel and Motel Projects Subject to Tax
§ 9-21-118. Recital of Issuance Pursuant to This Chapter
§ 9-21-119. Validity of Bonds and Notes Unaffected by Certain Irregularities
§ 9-21-121. Impairment of Contract
§ 9-21-122. Authorization to Cancel Bonds, Notes and Coupons
§ 9-21-126. Advertisements for Sale of Bonds or Notes
§ 9-21-128. Debt Necessary to Fund School Building Improvements, Demolition or New Construction
§ 9-21-131. Agreements Concerning Rights and Remedies of Parties — Jurisdiction — Applicable Law