Tennessee § 4-31-408 Preparation and approval of agreements - Approval of funding - Payments subject to audit

Tennessee Statutes

§ 4-31-408 — Preparation and approval of agreements - Approval of funding - Payments subject to audit

Tennessee § 4-31-408

Title4

This text of Tennessee § 4-31-408 (Preparation and approval of agreements - Approval of funding - Payments subject to audit) 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. § 4-31-408 (2026).

Text

(a)The authority shall prepare, and the attorney general and reporter shall approve, a form of loan agreement to be used to evidence loans made to local government units pursuant to this part.

(b)All loan agreements entered into pursuant to this part shall be subject to approval by the commissioner of finance and administration as to funding.

(c)All payments made pursuant to loan agreements shall be made on vouchers approved by the authority, and such payments shall be subject to audit at any time.

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(a) The authority shall prepare, and the attorney general and reporter shall approve, a form of loan agreement to be used to evidence loans made to local government units pursuant to this part. (b) All loan agreements entered into pursuant to this part shall be subject to approval by the commissioner of finance and administration as to funding. (c) All payments made pursuant to loan agreements shall be made on vouchers approved by the authority, and such payments shall be subject to audit at any time.