Tennessee Statutes

§ 13-23-310 — Termination of participation

Tennessee § 13-23-310

This text of Tennessee § 13-23-310 (Termination of participation) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 13-23-310 (2026).

Text

Any county may opt to terminate its participation in the loan fund pool by giving at least three (3) months' notice to THDA prior to the expiration of any twelve-month term of operation of the loan fund pool. Any such termination is without prejudice as regards participation of such terminating county in any subsequent twelve-month term of the loan fund pool. However, such terminating county's allocation of interest earnings on repayments reverts to the loan fund pool and shall be utilized for the purposes described in this part. Acceptance of any new application by such terminating county during any subsequent twelve-month term of operation of the loan fund pool is not deemed to be a forgiveness of the interest forfeiture mandated by this section.

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Legislative History

Acts 1985, ch. 473, § 10; 1986, ch. 510, § 10.

Nearby Sections

15
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Bluebook (online)
Tennessee § 13-23-310, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/13-23-310.