2021 Tennessee Code
Title 9 - Public Finances

§ 9-1-105. State-Shared Revenue to Counties and Municipalities — Effective Date for Distribution Purposes - For the purpose of distributing state-shared revenue to counties and...

§ 9-1-106. Negotiability of Public Bonds - The negotiability of all bonds issued by this state, any...

§ 9-1-109. Penalties for Nonpayment of Checks or Money Orders - If any check or money order so received is not...

§ 9-1-110. Issuance of Credit by Commissioner of Revenue for Taxes, Licenses or Fees of Amounts Received by Check or Money Order - In the event any such check or money order is...

§ 9-1-117. Receipt or Collection of Personal Checks by State, Municipal or County Officials - An official or employee within state, county, or municipal government...

§ 9-1-119. Computer Software as Equipment for Financing Purposes - Whenever the right to issue debt, whether bonds, notes or...

Chapter 2 - Accounting for Revenues

§ 9-2-101. Sources of Revenue - The revenue of the state is derived from taxes on...

§ 9-2-103. Receipts Required - Each state, county and municipal official who receives any sum...

§ 9-2-105. Furnishing Receipt Books - It is the duty of the chief administrative officer of...

§ 9-2-106. Penalty for Violations - Any person violating any of the provisions of §§ 9-2-103...

§ 9-2-107. Settlement for School Funds - The commissioner of finance and administration shall settle with the...

§ 9-2-108. Reports of Clerks and Judges - The clerks of all the courts and every judge of...

§ 9-2-111. Perjury by Judge or Clerk - If any clerk or judge of the court of general...

§ 9-2-113. Payment by Judge - The judges shall, within ten (10) days after the time...

§ 9-2-114. Payment by Clerks - The clerks of all courts shall, within twenty (20) days...

§ 9-2-115. Failure of Clerk or Judge to Pay Over - Any judge or clerk failing to make the payments as...

§ 9-2-116. Failure of Clerk or Judge to Produce Proper Receipt - If any clerk fails to produce the trustee's receipt, when...

§ 9-2-117. Judgment for Trustee Against Clerk or Judge - If any clerk or judge fails or refuses to pay...

§ 9-2-118. Satisfaction of Judgment - The clerk or judge may discharge such judgment by producing...

§ 9-2-119. Commissions Lost by Default - On settlement, the defaulting clerk or judge is not allowed...

§ 9-2-120. [reserved.] - If such clerk or judge, after settlement and obtaining a...

§ 9-2-122. Clerk's Records Furnished to County Mayor - The county clerk shall, on demand, furnish to the county...

§ 9-2-123. [reserved.] - If it is made satisfactorily to appear to the court...

§ 9-2-125. Notice of Motion Against Sheriff - No notice of this motion is required when it is...

§ 9-2-126. [reserved.] - Every county official collecting or receiving public money from any...

§ 9-2-139. Failure of County Officers and Employees to File Reports or Reconcile Accounts a Misdemeanor - It is a Class C misdemeanor for any county officer...

Chapter 3 - Local Governments

Part 1 - Funding of Local Debt

§ 9-3-101. Serial Bonds Authorized - A municipal or public corporation organized under the laws of...

§ 9-3-103. Term of Loan Agreements — Security for Loan Agreement - Whenever any county, metropolitan government, incorporated town or city or...

Part 2 - General Audit Provisions

§ 9-3-202. Investigation of Delinquent Taxes - In making such audit, the auditors shall also investigate and...

§ 9-3-203. Improperly Assessed Personal Property - Such auditors shall have the authority to:

§ 9-3-204. Filing of Report — Further Duties - Within a reasonable time after the completion of any such...

§ 9-3-206. Access to Records - These auditors shall have access to all books, records and...

§ 9-3-213. Person or Firm Making Audit to Furnish Copy to Comptroller of the Treasury - Any person or firm making such audit shall furnish a...

Part 3 - Misappropriation of State-Shared Funds

§ 9-3-302. Funds May Be Withheld in Year Subsequent — Amount Equal to Amount Misappropriated - The commissioner of finance and administration may withhold such funds...

§ 9-3-303. Right to Appeal the Determination of Comptroller of the Treasury - Any county or county official aggrieved by the determination of...

Part 4 - Local Government Modernization Act of 2005

§ 9-3-401. Short Title - In order to ensure local governments in Tennessee maintain adequate...

§ 9-3-402. Determination of Local Governments Not in Compliance With Accounting and Financial Reporting Standards — Development of Work Plan - The comptroller of the treasury shall determine those local governments...

§ 9-3-403. Assistance to Develop Work Plan - If a local government fails to submit a work plan...

§ 9-3-404. Penalties and Restrictions for Failure to Implement Accounting and Financial Reporting Standards - If a local government fails to implement accounting and financial...

§ 9-3-407. Corrective Action Plan - Each local government with one (1) or more audit findings...

Part 5 - Public Employee Defined Benefit Financial Security Act of 2014

§ 9-3-501. Short Title - This part shall be known and may be cited as...

§ 9-3-502. Applicability of Part - This part shall apply to political subdivisions that provide defined...

Chapter 4 - State Funds, State Budget and Appropriations

Part 1 - Definitions

§ 9-4-101. Collateral - Collateral” means eligible collateral pledged by a state depository.

§ 9-4-102. Default - Default” may include, but is not limited to:

§ 9-4-103. Eligible Collateral - Eligible collateral” means:

§ 9-4-104. Loss - Loss” includes, but is not limited to:

§ 9-4-105. Required Collateral - Required collateral” means collateral whose market value is equal to...

§ 9-4-106. State Deposit - State deposit” means all state funds which are placed in...

§ 9-4-107. State Depository - that has been designated by the state treasurer, the governor...

Part 2 - Accounts or Appropriations for Designated Purposes

§ 9-4-201. Special Federal Funds - The commissioner of finance and administration shall set up and...

§ 9-4-203. Trust Funds - Unless otherwise provided by law, the funding board established by...

§ 9-4-212. State Appropriations to Nongovernmental Defender Services in Capital Cases - No state funds for appeals of capital cases shall be...

Part 3 - Receipt and Deposit

§ 9-4-303. Educational Institutions - Sections 9-4-301 and 9-4-302 shall not apply to institutions and...

§ 9-4-304. Service Charges on State Accounts - Whenever interest bearing accounts are established by the state treasurer...

§ 9-4-307. State Depositories - The state treasurer is authorized to open accounts in state...

§ 9-4-308. Transfer of Funds Through Federal Reserve Banking System - The state treasurer, in the exercise of the state treasurer's...

Part 4 - Security

§ 9-4-401. Preference in Insolvency - In the liquidation of insolvent state depositories, the return of...

§ 9-4-403. Giving of Security - All state funds held in state depositories shall be secured...

§ 9-4-405. Interest on Collateral - Prior to default, the state treasurer, county trustee or other...

Part 5 - Collateral Pool for Public Deposits Act of 1990

§ 9-4-501. Short Title - This part shall be known and may be cited as...

§ 9-4-502. Part Definitions - As used in this part, unless the context otherwise requires:...

§ 9-4-507. [reserved.] - The collateral pool board has the following powers, together with...

§ 9-4-509. Hearing and Judicial Review — Administrative Procedure - The Uniform Administrative Procedures Act, compiled in title 4, chapter...

§ 9-4-510. Guarantee to Public Depositors Against Loss - A qualified public depository shall guarantee public depositors against loss...

§ 9-4-511. State Treasurer — Powers - In fulfilling the requirements of this part, the state treasurer...

§ 9-4-512. Payment of Losses — Procedure - When the state treasurer determines that a default or insolvency...

§ 9-4-520. State and Public Depositors Not Liable — Exception - Under no circumstance is the state, or any state agency,...

§ 9-4-521. [reserved.] - Any fees collected under this part shall be paid into...

Part 6 - Disbursement and Investment of State Funds

§ 9-4-604. Payments to Debtor of State - No person shall draw any money from the public treasury...

§ 9-4-605. Issuance of Duplicate Warrants - The commissioner of finance and administration may issue a duplicate...

§ 9-4-607. Refunds of Erroneously Paid Amounts - With respect to any revenues or receipts collected by any...

§ 9-4-611. Compensation of Members of State Boards and Commissions - Notwithstanding any law to the contrary, no member of any...

Part 7 - Local Government Investment Pool

§ 9-4-701. Purpose and Findings - The purpose of this part is to enable public entities...

§ 9-4-702. Creation - A local government investment pool is hereby created consisting of...

§ 9-4-703. Advisory Committee - The members of the state funding board created by §...

§ 9-4-705. State Assistance - The state treasurer is authorized to assist local governments in...

§ 9-4-707. Electronic Transfer of Funds and Reports — Waiver - Commencing on July 1, 2011, each local government participating in...

Part 9 - State Office Buildings and Support Facilities Revolving Fund

§ 9-4-901. Created - There is hereby created within the general fund a special...

§ 9-4-902. Unencumbered Funds and Unexpended Balance - Any unencumbered funds and any unexpended balance of the fund...

§ 9-4-903. Interest - Interest accruing on investments and deposits of the fund shall...

§ 9-4-904. Investments — Administration of Fund - Moneys in the fund shall be invested by the state...

§ 9-4-905. Purpose of Fund - The state office buildings and support facilities revolving fund is...

§ 9-4-906. Deposits - Notwithstanding any law to the contrary, there shall be deposited...

§ 9-4-907. Lease Payments - Lease payments for space occupied by state agencies, including the...

Part 10 - Pension Stabilization Reserve Trust

§ 9-4-1001. Pension Stabilization Reserve Trust Fund - The pension stabilization reserve trust is created. The pension stabilization...

§ 9-4-1002. Trustees - The comptroller of the treasury, the commissioner of financial institutions,...

§ 9-4-1005. Suspension of Deposits of Employer Contributions - Deposits of employer contributions into the pension stabilization reserve trust...

§ 9-4-1006. Annual Financial Reports - The trustees shall prepare annual financial reports following the close...

Part 11 - State Employee Legacy Pension Stabilization Reserve Trust

§ 9-4-1101. Part Definitions - As used in this part, unless the context otherwise requires:

§ 9-4-1102. State Employee Legacy Pension Stabilization Reserve Trust Fund - The state employee legacy pension stabilization reserve trust is created....

§ 9-4-1103. Chair of Trustees - The comptroller of the treasury shall serve as the chair...

§ 9-4-1106. Annual Financial Reports - The trustees shall prepare annual financial reports following the close...

Part 12 - Teacher Legacy Pension Stabilization Reserve Trust

§ 9-4-1201. Part Definitions - As used in this part, unless the context otherwise requires:

§ 9-4-1202. Teacher Legacy Pension Stabilization Reserve Trust Fund - The teacher legacy pension stabilization reserve trust is created. The...

§ 9-4-1203. Chair of Trustees - The comptroller of the treasury shall serve as the chair...

§ 9-4-1206. Annual Financial Reports - The trustees shall prepare annual financial reports following the close...

Part 51 - State Budget and Appropriations

§ 9-4-5102. Performance-Based Program Budgeting - It is the intent of the general assembly that, to...

§ 9-4-5104. Revenue Estimates - On or before January 1 of each year, the commissioner...

§ 9-4-5109. Amendment of Appropriation Recommendations - The governor may amend or supplement the governor's recommendations as...

§ 9-4-5114. Obligations After Fiscal Year Prohibited — Allotments Required - No appropriation shall confer authority to incur an obligation after...

§ 9-4-5116. Abortion Funding - No state funds shall be expended to perform abortions. The...

Part 52 - Estimated Rate of Growth of Economy; Limitation on Appropriations -

Part 53 - State Sharing

§ 9-4-5301. Statutes Providing Base Apportionment for Determining Additional State Revenues - Funds apportioned as state-shared taxes to county and municipal governments...

§ 9-4-5304. Procedure for Meeting Requirement That State Share Increased Expenditures - For any bill requiring increased expenditures by cities and counties...

§ 9-4-5305. Construction of This Part - Nothing in this part shall be construed to reduce the...

§ 9-4-5306. Locality Does Not Meet Municipality Requirements - IF, after July 1, 1998, a locality is deemed by...

Part 54 - Block Grant Review Act of 1996

§ 9-4-5401. Short Title - This part shall be known and may be cited as...

§ 9-4-5402. Purpose - The purpose of this part is to require state agencies...

§ 9-4-5403. Considerations in Block Grants and Federal Devolution - To the greatest extent practicable and as permitted by law,...

§ 9-4-5404. Reporting Requirements - Each state agency responsible for making or recommending decisions on...

§ 9-4-5405. Compliance — Financial Costs - The head of each state agency shall be responsible for...

Part 56 - Tennessee Governmental Accountability Act of 2013

§ 9-4-5601. Short Title - This part shall be known and may be cited as...

§ 9-4-5602. Implementation of System of Strategic Planning, Performance Measures, and Performance Review - The general assembly finds and declares that accountability in program...

§ 9-4-5603. Application - The strategic planning, program performance measures, and performance review requirements...

§ 9-4-5604. Part Definitions - As used in this part, unless the context otherwise requires:

§ 9-4-5612. Proposed Instructions for the Development of Performance Measures for the Legislature - The director of the office of legislative administration shall develop...

Chapter 8 - Board of Claims

Part 1 - Establishment and Operation of Board

§ 9-8-110. Division of Claims and Risk Management - The state treasurer shall administer a division of claims and...

Part 2 - Educator Protection Act of 2015

§ 9-8-201. Short Title - This part shall be known and may be cited as...

§ 9-8-202. Purpose of Part — Tennessee Educator Liability Fund - The purpose of this part is to create the Tennessee...

§ 9-8-205. Authority of Board of Claims - Notwithstanding any law to the contrary and in addition to...

Part 3 - Tennessee Claims Commission

§ 9-8-303. Compensation - The commissioners of the claims commission shall receive the same...

§ 9-8-305. Powers and Duties - Each commissioner, and each administrative law judge assigned pursuant to...

§ 9-8-306. Promulgation of Rules and Regulations - The commission is authorized to promulgate rules and regulations not...

§ 9-8-307. Jurisdiction — Claims — Waiver of Actions — Standard for Tort Liability — Damages — Immunities — Definitions — Transfer of Claims - [Repealed effective July 1, 2022. See Compiler's Note.]

§ 9-8-309. Temporary Assignment of Administrative Law Judges to Commission - Upon the request of the governor, or of an individual...

Part 4 - Division of Claims and Risk Management

§ 9-8-401. Creation - There is hereby created a division of claims and risk...

§ 9-8-406. Representation of State — Negotiation of Prehearing Claim Settlements - The attorney general and reporter shall represent the state in...

Chapter 9 - Funding of State Debt

Part 1 - General Provisions

§ 9-9-101. State Funding Board - The state funding board shall be composed of the governor,...

§ 9-9-102. Maintenance of Records on the Condition of All Debt Obligations and Payments - The commissioner of finance and administration shall maintain, or cause...

§ 9-9-103. Debt Service Payments - There is hereby appropriated to the state funding board on...

§ 9-9-106. Certification of Amount Necessary for Payment of Debt Obligations - The state funding board shall certify to the commissioner of...

§ 9-9-107. Payments by State Funding Board - The state funding board shall provide for the payment of...

§ 9-9-108. State Funding Board's Authority to Deposit or Transfer Funds - The state funding board may:

§ 9-9-109. Custodian for Securities - The state funding board is expressly authorized to contract with...

§ 9-9-110. Investment of Cash Not Immediately Required - Cash in the hands of the state funding board not...

§ 9-9-111. Vested Rights of Holders of Debt Obligations - The holders of all debt obligations of the state of...

§ 9-9-112. Exemption From Taxes - Principal of and interest on debt obligations issued under this...

§ 9-9-114. Records of State Obligations Payments - The secretary of the funding board shall keep, or cause...

§ 9-9-116. Technical Advice — Expenses of Carrying Out Chapter - The state funding board is hereby authorized to procure such...

§ 9-9-117. State Immunity Preserved - Nothing in this chapter shall be construed as either waiving...

§ 9-9-118. Authority to Establish Guidelines, Rules and Regulations - The state funding board is authorized to establish guidelines, rules...

Part 2 - Issuance and Sale of Bonds

§ 9-9-201. Obligations Subject to Funding - All general obligation bonds already issued or which may hereafter...

§ 9-9-204. Removal of Statutory Limitations on Interest Rates - Whenever the interest rate or rates determined by resolution of...

§ 9-9-208. Authorization to Cancel Bonds — Factors in Determination - The funding board is authorized, empowered and directed to cancel...

Part 3 - Tax Revenue Anticipation Notes -

Part 4 - Citizens Bonds

§ 9-9-402. Application of Part - This part shall be applicable to all general obligation bonds...

§ 9-9-403. Bonds and Interest Tax-Exempt — Exceptions - Citizens bonds and the interest payable thereon are exempt from...

§ 9-9-404. Issuance and Sale to Conform to Other Laws - Except as otherwise authorized by this part, citizens bonds shall...

§ 9-9-405. Redemption of Citizens Bonds - Whenever the state treasurer is authorized pursuant to § 9-9-401...

§ 9-9-406. Rules and Regulations - The state treasurer is authorized to promulgate rules and regulations...

Chapter 11 - Cash Basis Law of 1937

§ 9-11-101. Short Title - This chapter may be cited as the “Cash Basis Law...

§ 9-11-102. Chapter Definitions - As used in this chapter, unless the context otherwise requires:

§ 9-11-103. Issuance of Funding Bonds - In order that the fiscal affairs of the counties and...

§ 9-11-104. Contents of Bond Order - All bonds issued by a unit under this chapter shall...

§ 9-11-105. Publication of Bond Order - A bond order shall be published once in each of...

§ 9-11-106. Limitation of Actions to Invalidate Bonds - Any action or proceedings in any court to set aside...

§ 9-11-108. Annual Statement by Fiscal Officer - Before any funding or refunding bonds shall be issued under...

§ 9-11-109. Sale Price — Exchange — Premiums and Discount - The governing body may sell any or all of the...

§ 9-11-110. Exercise of Powers - Except as hereinafter provided, the authority conferred by this chapter...

§ 9-11-111. Exemption From Taxation - Any bonds issued pursuant to this chapter and the income...

§ 9-11-112. Tax Levy and Sinking Fund Provisions - All bonds issued under this chapter shall be direct and...

§ 9-11-113. Annual Cash Basis Budget - In order that the fiscal affairs of a unit may...

§ 9-11-114. Appropriation Ordinance - After receiving the annual budget estimate, the governing body of...

§ 9-11-115. Tax Levy for Cash Basis - Immediately after the passage of the appropriation ordinance or resolution,...

§ 9-11-116. Enforcement Power of the Comptroller of the Treasury or Comptroller's Designee - The comptroller of the treasury or the comptroller's designee shall...

§ 9-11-117. Tax Anticipation Notes - The governing body of any unit which shall have issued...

§ 9-11-119. Nature and Construction of Chapter - No restriction, limitation, or provision contained in any other law,...

Chapter 13 - Loans to Local Subdivisions in Emergencies

Part 1 - General Provisions

§ 9-13-101. Authority to Lend Appropriated Funds - The state board of equalization, with the approval of the...

§ 9-13-102. Reduction of Assessment of Utility Property as Prerequisite for Loan - Such loans shall be made only to such municipalities or...

§ 9-13-103. Application for Loan - Applications for such loans shall be made only in writing...

§ 9-13-104. Determination of Necessity for Loan - The state board of equalization shall consider the loan application...

§ 9-13-105. Certification to Funding Board - If following its investigation and consideration of the application the...

§ 9-13-107. Default — Withholding State Funds - In the event of default in the payment of any...

Part 2 - Emergency Financial Aid to Local Governments

§ 9-13-201. Short Title - This part shall be known and may be cited as...

§ 9-13-202. Legislative Intent - The general assembly finds and declares that it is in...

§ 9-13-203. Part Definitions - As used in this part, unless the context otherwise requires:

§ 9-13-204. Loan Guarantees — Cutoff Date for Guarantee - In order to provide emergency technical and financial assistance to...

§ 9-13-205. Security for Loans — Pledges — Disposition of Proceeds — Withholding of State-Shared Taxes - The state funding board shall establish the terms and conditions...

§ 9-13-206. Issuance of Notes - Notwithstanding any other law to the contrary, the legislative body...

§ 9-13-208. Notice of Director's Approval for Purchases or Payments - The state funding board shall publish a notice, in a...

§ 9-13-210. Reports to Legislative Committees - The comptroller of the treasury shall report to the state...

§ 9-13-211. Penalty for Nonperformance - Any official or employee of the local government, or of...

§ 9-13-212. Issuance of Notes — Guidelines — Use for Operational Expenses - Notes issued pursuant to this part shall be issued in...

Part 3 - Financially Distressed Municipalities, Counties, Utility Districts and Education Agencies

§ 9-13-301. Short Title - This part shall be known and may be cited as...

§ 9-13-302. Duties of the Comptroller of the Treasury - The comptroller of the treasury shall develop and recommend statutory...

Chapter 14 - Local Economic Adjustment Act of 1975

§ 9-14-101. Short Title - This chapter shall be known and may be cited as...

§ 9-14-102. Purpose - In order to promote the health, safety, right to gainful...

§ 9-14-103. Chapter Definitions — Economic Adjustment Project - For the purposes of this chapter, unless the context otherwise...

§ 9-14-105. City and County Economic Adjustment Departments - Cities and counties, singly or jointly by contract with each...

§ 9-14-106. Funds - Cities and counties are specifically authorized to appropriate funds from...

§ 9-14-107. Record of Activities and Finances - Appropriate financial and other records shall be kept on all...

§ 9-14-108. Construction of Chapter - This chapter, being necessary for the welfare of the state...

Chapter 16 - Special County Census for Allocation of Funds

§ 9-16-101. Special Census by Counties - For purposes of determining its eligibility in whole or part...

Chapter 18 - Financial Integrity Act of 1983

§ 9-18-101. Short Title - This chapter shall be known and may be cited as...

§ 9-18-103. Guidelines for Assessment of Compliance - The commissioner of finance and administration, in consultation with the...

Chapter 19 - Registration of Public Obligations

§ 9-19-101. Short Title - This chapter may be known as the “Tennessee Public Obligations...

§ 9-19-102. Chapter Definitions - As used in this chapter, unless the context otherwise requires:

§ 9-19-103. Authorization to Issue Public Obligations - Notwithstanding any other law, issuers are hereby authorized to issue...

§ 9-19-104. Registration Agents — Paying Agents - Any issuer of fully registered public obligations is authorized to...

§ 9-19-107. Notice of Redemption - In the event fully registered public obligations are subject to...

§ 9-19-108. Interest - Interest on fully registered public obligations shall be payable on...

§ 9-19-109. Confidentiality of Owner's Identity - The identity of any owner of, or any other information...

§ 9-19-110. Construction of Chapter - The powers conferred by this chapter are in addition and...

Chapter 20 - Tennessee Allocation Plan for Private Activity Bonds

§ 9-20-101. Short Title - This chapter shall be known as the “Tennessee Allocation Plan...

§ 9-20-103. Authority for Allocating State's Bond Authority - There is hereby created in the department of economic and...

§ 9-20-104. Preparation, Distribution and Contents of Allocation Plans - The commissioner shall, prior to January 1 of each year,...

§ 9-20-106. Administration of Part - This chapter shall be administered under the Uniform Administrative Procedures...

Chapter 21 - Local Government Public Obligations Act of 1986

Part 1 - General Provisions Applicable to All Bonds and Notes Issued by Local Governments

§ 9-21-101. Short Title - This chapter shall be known and may be cited as...

§ 9-21-102. Intent - It is the intent and purpose of this chapter to...

§ 9-21-103. No Indebtedness Limit - Bonds or notes may be issued under this chapter, notwithstanding...

§ 9-21-104. Negotiability - Any bonds or notes issued by a local government pursuant...

§ 9-21-105. Chapter Definitions - As used in this chapter, unless the context otherwise requires:...

§ 9-21-106. Rate Discrimination Prohibited - When a public works project supplies its services to consumers...

§ 9-21-107. Powers of Local Governments - All local governments have the power and are authorized, either...

§ 9-21-108. Governing Body Authorized to Act by Resolution — Procedure for Adoption of Resolutions - All actions required or authorized to be taken under this...

§ 9-21-109. Determination of Costs of Public Works Projects - In determining the costs of any public works project for...

§ 9-21-110. Appointment of a Fiscal Agent - Any local government has the power in connection with the...

§ 9-21-112. Interim Certificates - Pending the preparation or delivery of definitive bonds or notes...

§ 9-21-115. State Control of Public Works Projects - This chapter shall not otherwise operate to dispense with the...

§ 9-21-116. Hotel and Motel Projects Subject to Tax - In local governments of this state where a tax is...

§ 9-21-117. Tax Exemption - Any bonds or notes issued by a local government pursuant...

§ 9-21-118. Recital of Issuance Pursuant to This Chapter - A resolution authorizing bonds or notes under this chapter may...

§ 9-21-119. Validity of Bonds and Notes Unaffected by Certain Irregularities - The validity of the authorization and issuance of the bonds...

§ 9-21-121. Impairment of Contract - Nothing in this chapter shall be deemed in any way...

§ 9-21-122. Authorization to Cancel Bonds, Notes and Coupons - Whenever any bonds, notes, or interest coupons shall be paid...

§ 9-21-126. Advertisements for Sale of Bonds or Notes - An advertisement for sale of bonds or notes under this...

§ 9-21-128. Debt Necessary to Fund School Building Improvements, Demolition or New Construction - Whenever the commissioner of education is authorized by the state...

§ 9-21-131. Agreements Concerning Rights and Remedies of Parties — Jurisdiction — Applicable Law - When entering into any contracts or agreements authorized under this...

Part 2 - General Obligation Bonds

§ 9-21-202. Sale of General Obligation Bonds at Below Par Value - All general obligation bonds issued by any local government under...

§ 9-21-203. Sale of General Obligation Bonds — Notices - Any local government proposing to sell general obligation bonds, under...

§ 9-21-204. Sale of General Obligation Bonds to a State or Federal Agency - If any general obligation bonds are to be sold pursuant...

§ 9-21-205. Initial General Obligation Bond Resolution - Prior to the issuance of general obligation bonds pursuant to...

§ 9-21-206. Publication of Notice - The initial resolution, together with a notice in substantially the...

§ 9-21-208. Voluntary Election - If the governing body of the local government makes a...

§ 9-21-209. Election Resolution - If it is necessary to hold an election on the...

§ 9-21-211. Limitation on Election Contests - No suit, action or other proceeding contesting the validity of...

§ 9-21-212. Waiting Period for New Election - If an election on the proposition to issue general obligation...

§ 9-21-214. Powers to Secure and to Covenant as to General Obligation Bonds - In order to secure the payment of the principal of...

§ 9-21-216. Remedies of General Obligation Bondholders - Any holder of general obligation bonds issued pursuant to parts...

Part 3 - Revenue Bonds

§ 9-21-303. Sale of Revenue Bonds at Below Par Value - All revenue bonds issued by any local government under the...

§ 9-21-307. Revenue Bonds of the Same Issue Shall Be Equally and Ratably Secured - All revenue bonds of the same issue shall be equally...

§ 9-21-310. Remedies of Revenue Bondholders - Subject to any contractual limitations binding upon the holders of...

§ 9-21-312. Judicial Supervision of Receiver - The receiver shall, in the performance of the powers conferred...

§ 9-21-313. Duties of Receiver - It is the duty of a receiver to:

§ 9-21-314. Sale of Assets by Receiver Prohibited - Notwithstanding § 9-21-313, the receiver shall have no power to...

§ 9-21-315. Surrender of Possession by Receiver - Whenever all that is due upon the revenue bonds, and...

§ 9-21-316. Remedies Cumulative — Effect of Abandonment or Nonexercise of Right or Remedy - No remedy conferred by this part upon any holder of...

Part 4 - General Provisions Governing the Issuance of All Notes by Local Governments

§ 9-21-401. Applicability - The terms of this part and part 1 of this...

§ 9-21-404. Sanction for Failure to Submit the Annual Budget to the Comptroller of the Treasury or the Comptroller's Designee - If a proper budget is not submitted to the comptroller...

§ 9-21-405. Definition of “period.” - Period,” as used in this part and parts 5-8 of...

§ 9-21-407. Remedies of Noteholders - Any holder of notes issued pursuant to this chapter has...

Part 5 - Bond Anticipation Notes

§ 9-21-501. Authorization for the Issuance of Bond Anticipation Notes - The governing body of the local government acting by resolution...

§ 9-21-502. Purchase and Terms of Bond Anticipation Notes - Bond anticipation notes shall be sold for not less than...

§ 9-21-503. Method of Sale of Bond Anticipation Notes - Bond anticipation notes may be sold in such manner either...

§ 9-21-505. Approval of Bond Anticipation Notes and Application for Their Extension or Renewal - The sale of bond anticipation notes shall first be approved...

Part 6 - Capital Outlay Notes

§ 9-21-601. Authorization for the Issuance of Capital Outlay Notes - The governing body of a local government acting by resolution...

§ 9-21-603. Security for Capital Outlay Notes - When the capital outlay notes are issued and sold, they...

§ 9-21-605. Capital Outlay Notes Issued Solely for the Acquisition of a Fee Simple Absolute Interest in Land - Capital outlay notes issued solely for the acquisition of a...

§ 9-21-607. Method of Sale of Three-Year Capital Outlay Notes and Seven-Year Capital Outlay Notes - Notes authorized to be issued under §§ 9-21-604 and 9-21-605...

§ 9-21-608. Twelve-Year Capital Outlay Notes - Capital outlay notes issued pursuant to this section may be...

§ 9-21-609. Method of Sale of Twelve-Year Capital Outlay Notes - together with any other information deemed pertinent to the note...

§ 9-21-612. Refunding of Capital Outlay Notes - Capital outlay notes issued pursuant to this part and general...

Part 7 - Grant Anticipation Notes

§ 9-21-701. Authorization for the Issuance of Grant Anticipation Notes - The governing body of a local government, acting by resolution,...

§ 9-21-702. Terms of Grant Anticipation Notes - Grant anticipation notes shall be sold at not less than...

§ 9-21-703. Method of Sale of Grant Anticipation Notes - Grant anticipation notes may be sold in such manner either...

§ 9-21-704. Security for Grant Anticipation Notes - The principal of grant anticipation notes shall not be direct...

§ 9-21-705. Duration — Extension or Renewal - Grant anticipation notes shall be issued for a period not...

Part 8 - Tax Anticipation Notes

§ 9-21-801. Authorization, Security, and Retirement of Tax Anticipation Notes - The governing body of a local government may issue interest-bearing...

§ 9-21-802. Terms of Tax Anticipation Notes - Tax anticipation notes shall be sold at not less than...

§ 9-21-803. Method of Sale of Tax Anticipation Notes - Tax anticipation notes may be sold in such manner either...

Part 9 - General Obligation Refunding Bonds

§ 9-21-902. Determination by Governing Body to Be Conclusive - A determination by the governing body that any refunding is...

§ 9-21-903. Plan of Refunding to Be Submitted to the Comptroller of the Treasury or the Comptroller's Designee — Publication of Notice of Refunding - NOTICE The following report has been received from the comptroller...

§ 9-21-905. Initial Resolution and Election Requirements — When Required - If the general obligation refunding bonds shall be payable from...

§ 9-21-906. Sale of General Obligation Refunding Bonds at Below Par Value - All general obligation refunding bonds issued by any local government...

§ 9-21-908. Limitation on Maturity of Bonds to Be Refunded - Unless the outstanding obligations are retired at the time of...

§ 9-21-909. Installment Sales and Exchanges - General obligation refunding bonds may be sold or exchanged in...

§ 9-21-910. Sale of General Obligation Refunding Bonds — Notices — Agreement to Sell - together with any other information deemed pertinent to the bond...

§ 9-21-911. Sale of General Obligation Refunding Bonds to a State or Federal Agency - If any general obligation refunding bonds are to be sold...

§ 9-21-912. Notice of Refunding - If, at the time of delivery of the general obligation...

§ 9-21-913. Notice of Redemption - If any of the obligations to be refunded are to...

§ 9-21-915. Powers to Secure and to Covenant as to General Obligation Refunding Bonds - In order to secure the payment of the principal of...

§ 9-21-916. Remedies of General Obligation Refunding Bondholders - Any holder of general obligation refunding bonds issued pursuant to...

Part 10 - Revenue Refunding Bonds

§ 9-21-1002. Determination by Governing Body to Be Conclusive - A determination by the governing body that any refunding is...

§ 9-21-1003. Plan of Refunding to Be Submitted to the Comptroller of the Treasury or the Comptroller's Designee - NOTICE The following report has been received from the comptroller...

§ 9-21-1004. Maximum Amount of Principal for Which Revenue Refunding Bonds May Be Issued - The principal amount of any issue of revenue refunding bonds...

§ 9-21-1005. Sale of Revenue Refunding Bonds at Below Par Value - All revenue refunding bonds issued by any local government under...

§ 9-21-1007. Limitation on Maturity of Bonds to Be Refunded - Unless the outstanding obligations are retired at the time of...

§ 9-21-1009. Installment Sales or Exchanges - Revenue refunding bonds may be sold or exchanged in installments...

§ 9-21-1010. Notice of Refunding - If, at the time of delivery of the revenue refunding...

§ 9-21-1011. Notice of Redemption - If any of the obligations to be refunded are to...

§ 9-21-1013. Powers to Secure and to Covenant as to Revenue Refunding Bonds - In order to secure the payment of the principal of...

§ 9-21-1014. Revenue Refunding Bonds of the Same Issue Shall Be Equally and Ratably Secured - All revenue refunding bonds of the same issue shall be...

§ 9-21-1015. Rates Prescribed Sufficient to Produce Sufficient Revenues - The governing body of a local government issuing revenue refunding...

§ 9-21-1017. Remedies of Revenue Refunding Bondholders - Any holder of revenue refunding bonds issued pursuant to this...

Part 11 - Health Care Revenue Anticipation Notes

§ 9-21-1101. Authorization, Security, and Retirement of Health Care Revenue Anticipation Notes - The governing body of a local government operating a nursing...

§ 9-21-1102. Terms of Health Care Revenue Anticipation Notes - Health care revenue anticipation notes shall be sold at not...

§ 9-21-1103. Method of Sale of Health Care Revenue Anticipation Notes - Health care revenue anticipation notes may be sold in such...

§ 9-21-1104. Interfund Loans - Local governments are hereby authorized to make interfund loans in...

Chapter 22 - Public Pledges and Liens

§ 9-22-101. Short Title - This chapter shall be known and may be cited as...

§ 9-22-102. Intent - It is the intent and purpose of this chapter to...

§ 9-22-103. Chapter Definitions - In this chapter:

§ 9-22-104. Perfection of Pledges or Liens - The grant of a pledge or the creation of a...

§ 9-22-106. Enforcement of Pledges or Liens - The manner in which the holder or holders of public...

§ 9-22-107. Impairment of Contract - Nothing in this chapter shall be deemed in any way...

§ 9-22-108. Supplementary Nature - This chapter shall be in addition to and supplemental to...

Chapter 23 - Uniformity in Tax Increment Financing Act of 2012

§ 9-23-101. Short Title - This chapter shall be known and may be cited as...

§ 9-23-102. Chapter Definitions - As used in this chapter, unless the context otherwise requires:

§ 9-23-104. Time Limitations on Allocations - Notwithstanding any tax increment statute or any plan to the...

§ 9-23-107. Policies and Procedures - Any taxing agency and tax increment agency may agree upon,...

§ 9-23-108. Application of Proceeds - Notwithstanding any provision of title 7, chapter 53 to the...

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2021 Tennessee Code Title 9 - Public Finances

2021 Tennessee Code
Title 9 - Public Finances