Tennessee Statutes

§ 4-31-409 — Allocation of funds - Criteria

Tennessee·Title 4

In allocating loan funds to local government units, the authority shall give consideration to, and apply, the following standards and criteria:

(1)The need and desirability for capital projects; and (2) The ability of the local government unit to secure borrowed money from other sources and costs thereof.

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Legislative History

Acts 1986, ch. 846, § 13; 1990, ch. 885, § 17.

Nearby Sections

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