Tennessee § 7-41-108 Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project

Tennessee Statutes

§ 7-41-108 — Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project

Tennessee § 7-41-108

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This text of Tennessee § 7-41-108 (Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project) 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. § 7-41-108 (2026).

Text

Any bonds, notes, refunding bonds, or other indebtedness relative to the cost of an economic development project must not be issued for a term longer than thirty (30) years, and the municipality or industrial development corporation may pledge all proceeds or taxes it receives pursuant to this chapter to the payment of principal and interest on the bonds, notes, or other indebtedness. The thirty-year period in this section runs concurrently with the time limitation established in § 7-41-106 .

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Any bonds, notes, refunding bonds, or other indebtedness relative to the cost of an economic development project must not be issued for a term longer than thirty (30) years, and the municipality or industrial development corporation may pledge all proceeds or taxes it receives pursuant to this chapter to the payment of principal and interest on the bonds, notes, or other indebtedness. The thirty-year period in this section runs concurrently with the time limitation established in § 7-41-106 .