Tennessee Statutes
§ 4-31-704 — Issuance and sale of bonds and notes - Loans - Authorization
Tennessee·Title 4
(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.
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Legislative History
Acts 1990, ch. 975, § 1.
Nearby Sections
15
§ 4-1-102
Protection of territory§ 4-1-105
Retrocession of federal jurisdiction§ 4-1-201
Grand divisions§ 4-1-202
Eastern grand division§ 4-1-203
Middle grand division§ 4-1-204
Western grand division§ 4-1-205
State capital§ 4-1-301
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