The governing body of the local government acting by resolution is hereby authorized to issue and sell interest-bearing bond anticipation notes for all purposes for which bonds can be legally authorized and issued by a local government for public works projects as defined by this chapter, and for purposes authorized by chapter 11 of this title and by title 49, chapter 3, part 10. Such resolution shall not be effective until the initial resolution authorizing the issuance of the bonds, if required, shall have been adopted, published and no petition protesting the issuance of such bonds shall have been filed as permitted by law.
Structure 2021 Tennessee Code
Chapter 21 - Local Government Public Obligations Act of 1986
Part 5 - Bond Anticipation Notes
§ 9-21-501. Authorization for the Issuance of Bond Anticipation Notes
§ 9-21-502. Purchase and Terms of Bond Anticipation Notes
§ 9-21-503. Method of Sale of Bond Anticipation Notes
§ 9-21-505. Approval of Bond Anticipation Notes and Application for Their Extension or Renewal