Tennessee § 4-31-704 Issuance and sale of bonds and notes - Loans - Authorization

Tennessee Statutes

§ 4-31-704 — Issuance and sale of bonds and notes - Loans - Authorization

Tennessee § 4-31-704

Title4

This text of Tennessee § 4-31-704 (Issuance and sale of bonds and notes - Loans - Authorization) 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. § 4-31-704 (2026).

Text

(a)In addition to the powers otherwise granted by law, the authority has the power and is authorized to issue and sell bonds and notes, the proceeds of which may be used to make loans to any grantee for the construction or the refinancing of the construction of a facility pursuant to a loan agreement between the grantee, the department and the authority.

(b)Such loans shall be made from the proceeds of bonds or notes issued by the authority for the purpose of making such loans.

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

(a) In addition to the powers otherwise granted by law, the authority has the power and is authorized to issue and sell bonds and notes, the proceeds of which may be used to make loans to any grantee for the construction or the refinancing of the construction of a facility pursuant to a loan agreement between the grantee, the department and the authority. (b) Such loans shall be made from the proceeds of bonds or notes issued by the authority for the purpose of making such loans.