Tennessee § 4-31-705 Repayment of loans

Tennessee Statutes

§ 4-31-705 — Repayment of loans

Tennessee § 4-31-705

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This text of Tennessee § 4-31-705 (Repayment of loans) 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. § 4-31-705 (2026).

Text

(a)The authority shall establish a repayment schedule to be made by a grantee under a loan agreement.

(b)Such repayments shall be in such amounts as will be at least sufficient, together with other funds available therefor, to pay the principal of, and interest on, authority bonds and notes issued for the purpose of providing loans pursuant to this part and as may be necessary for the authority to maintain a reserve for debt service and to pay costs of administration.

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(a) The authority shall establish a repayment schedule to be made by a grantee under a loan agreement. (b) Such repayments shall be in such amounts as will be at least sufficient, together with other funds available therefor, to pay the principal of, and interest on, authority bonds and notes issued for the purpose of providing loans pursuant to this part and as may be necessary for the authority to maintain a reserve for debt service and to pay costs of administration.