Tennessee § 7-84-727 Dissolution of districts

Tennessee Statutes

§ 7-84-727 — Dissolution of districts

Tennessee § 7-84-727

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This text of Tennessee § 7-84-727 (Dissolution of districts) 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. § 7-84-727 (2026).

Text

Each district established pursuant to this part must be dissolved by the governing bodies of the host municipalities immediately upon:

(1)Written petition filed by the owners of either seventy-five percent (75%) of the assessed value of the property in the district, based on the most recent certified city property tax rolls, or fifty percent (50%) of the owners of record within the district; or (2) The payment and discharge of all outstanding bonds, notes, or other obligations payable solely from the special assessment revenues levied on the property within the district; provided, that dissolution must not occur prior to the payment in full and discharge of such debt obligations.

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Each district established pursuant to this part must be dissolved by the governing bodies of the host municipalities immediately upon: (1) Written petition filed by the owners of either seventy-five percent (75%) of the assessed value of the property in the district, based on the most recent certified city property tax rolls, or fifty percent (50%) of the owners of record within the district; or (2) The payment and discharge of all outstanding bonds, notes, or other obligations payable solely from the special assessment revenues levied on the property within the district; provided, that dissolution must not occur prior to the payment in full and discharge of such debt obligations.