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

Tennessee § 68-205-116

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This text of Tennessee § 68-205-116 (Consent of state or local government prior to approval of financing on leasehold - Approval of change to leasehold) 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. § 68-205-116 (2026).

Text

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.