A determination by the governing body that any refunding is advantageous or necessary to the local government, or that any of the amounts provided in § 9-21-904 should be included in such refunding, or that any of the outstanding obligations should be called for redemption on the first or any subsequent available redemption date or permitted to remain outstanding until their respective dates of maturity, shall be conclusive. However, the determination as to whether the general obligation refunding bonds can be sold at a private negotiated sale is subject to § 9-21-910(c).
Structure 2021 Tennessee Code
Chapter 21 - Local Government Public Obligations Act of 1986
Part 9 - General Obligation Refunding Bonds
§ 9-21-902. Determination by Governing Body to Be Conclusive
§ 9-21-905. Initial Resolution and Election Requirements — When Required
§ 9-21-906. Sale of General Obligation Refunding Bonds at Below Par Value
§ 9-21-908. Limitation on Maturity of Bonds to Be Refunded
§ 9-21-909. Installment Sales and Exchanges
§ 9-21-910. Sale of General Obligation Refunding Bonds — Notices — Agreement to Sell
§ 9-21-911. Sale of General Obligation Refunding Bonds to a State or Federal Agency
§ 9-21-912. Notice of Refunding
§ 9-21-913. Notice of Redemption
§ 9-21-915. Powers to Secure and to Covenant as to General Obligation Refunding Bonds
§ 9-21-916. Remedies of General Obligation Refunding Bondholders