Tennessee Statutes

§ 12-2-304 — Municipality's obligations not within debt limitations

Tennessee·Title 12
The obligations assumed and undertaken by a municipality pursuant to a lease or sublease made under § 12-2-302(3) , including any unconditional or other obligation to pay rentals for a fixed term or terms, shall not be deemed or construed as constituting a debt of the municipality within the terms, provisions or limitations of any constitutional, statutory, charter or other limitations.

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Legislative History

Acts 1965, ch. 328, § 4; T.C.A., § 12-232.

Nearby Sections

15
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