Tennessee § 4-31-511 Failure to make payments - Withholding of state-shared revenues authorized

Tennessee Statutes

§ 4-31-511 — Failure to make payments - Withholding of state-shared revenues authorized

Tennessee § 4-31-511

Title4

This text of Tennessee § 4-31-511 (Failure to make payments - Withholding of state-shared revenues authorized) 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. § 4-31-511 (2026).

Text

(a)In the event any county having entered into a loan agreement shall fail to remit funds in accordance with the annual repayment schedule established by the authority, the commissioner, within five (5) days of such failure, shall deliver by certified mail a written notice of such failure to the county.

(b)In the event the county shall fail to remit the amount set forth in the notice within sixty (60) days of the receipt of the notice, the commissioner shall, without further authorization, withhold such sum or part of such sum from any state-shared taxes that are otherwise apportioned to such county for the benefit of the authority issuing bonds or notes for the purposes referred to in this part.

(c)A county shall not have any claims on state-shared taxes withheld as permitted under the

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In the event any county having entered into a loan agreement shall fail to remit funds in accordance with the annual repayment schedule established by the authority, the commissioner, within five (5) days of such failure, shall deliver by certified mail a written notice of such failure to the county. (b) In the event the county shall fail to remit the amount set forth in the notice within sixty (60) days of the receipt of the notice, the commissioner shall, without further authorization, withhold such sum or part of such sum from any state-shared taxes that are otherwise apportioned to such county for the benefit of the authority issuing bonds or notes for the purposes referred to in this part. (c) A county shall not have any claims on state-shared taxes withheld as permitted under the terms of this part.