Tennessee § 68-205-116 Consent of state or local government prior to approval of financing on leasehold - Approval of change to leasehold

Tennessee Statutes

§ 68-205-116 — Consent of state or local government prior to approval of financing on leasehold - Approval of change to leasehold

Notwithstanding this chapter to the contrary, prior to approval of financing on a leasehold owned by this state or a local government, but leased to a privately owned entity as described in § 68-205-102(2)(C) , the consent of this state or the local government must be obtained. A change to the leasehold must be approved by this state or the local government, as applicable. This state or a local government must be held harmless if the privately owned entity to which the leasehold is leased defaults on a financing agreement for a leasehold changed in accordance with this section.

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Notwithstanding this chapter to the contrary, prior to approval of financing on a leasehold owned by this state or a local government, but leased to a privately owned entity as described in § 68-205-102(2)(C) , the consent of this state or the local government must be obtained. A change to the leasehold must be approved by this state or the local government, as applicable. This state or a local government must be held harmless if the privately owned entity to which the leasehold is leased defaults on a financing agreement for a leasehold changed in accordance with this section.

Tennessee § 68-205-116 (Consent of state or local government prior to approval of financing on leasehold - Approval of change to leasehold) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.