Browse legislation and open any statute to read or ask LexChat.
30,219 statutes · page 1,495 of 1,511
United States — Tennessee
1 provisions
Before general obligation bonds are issued, the local government’s governing body must adopt an initial resolution to do so.
United States — Tennessee
1 provisions
A notice and the initial resolution must be published in full once in a newspaper of general circulation in the local government.
United States — Tennessee
1 provisions
A local government may skip an election for general obligation bonds in certain cases, but if a timely protest petition is filed, the bonds cannot be issued without voter assent.
United States — Tennessee
1 provisions
If a local government’s governing body chooses to issue general obligation bonds for a public works project and also decides to hold an election, it does not have to adopt and publish an initial resolution and notice, but it must adopt an election resolution and hold the election.
United States — Tennessee
1 provisions
The local government’s governing body must call and resolve the election for general obligation bonds, and the election resolution must set out the bond details and ballot wording.
United States — Tennessee
1 provisions
Registered voters may vote in certain local-government bond elections, and the governing body must recanvass and declare the results after receiving the vote statement.
United States — Tennessee
1 provisions
Courts in this state may not entertain a bond-election contest unless it is started within 10 days of the later of canvassing the returns or the governing body's determination and declaration of results.
United States — Tennessee
1 provisions
If voters reject the bond proposition, it cannot be brought again as an initial resolution for 3 months.
United States — Tennessee
1 provisions
This section lets local governments issue and sell general obligation bonds and citizens bonds, but sets limits, disclosure duties, approval steps, and purchase restrictions.
United States — Tennessee
1 provisions
A local government may use a range of covenants and pledges to secure general obligation bonds, including pledging revenues, setting bond terms, managing proceeds, and arranging redemption.
United States — Tennessee
1 provisions
Before issuing general obligation bonds, the governing body must adopt a tax resolution and ensure enough tax is raised each year to pay principal and interest.
United States — Tennessee
1 provisions
Bondholders may sue to enforce their rights, compel local officials to perform certain tax and covenant duties, and seek injunctions; bonds paid only from public works revenues cannot be used to force tax collection.
United States — Tennessee
1 provisions
Any local government may issue revenue bonds for a public works project, and the governing body may तयermine the bond sale blocks by resolution.
United States — Tennessee
1 provisions
Local governments may sell revenue bonds by public sale or private negotiated sale, and some longer-delivery agreements need a comptroller report.
United States — Tennessee
1 provisions
Local governments must sell revenue bonds for at least 97% of par value plus accrued interest, subject to stated issue-wide and discount-bond exceptions.
United States — Tennessee
1 provisions
Before revenue bonds are issued, the local government’s governing body must adopt an initial resolution and publish it once in a local newspaper.
United States — Tennessee
1 provisions
Revenue bonds may be sold with flexible terms, but they must mature within 40 years and cannot last longer than the project’s reasonably expected economic life.
United States — Tennessee
1 provisions
Local governments may use a range of bond-security and revenue-related covenants and pledges to secure revenue bonds and related interest-rate obligations.
United States — Tennessee
1 provisions
Revenue bonds of the same issue must be secured equally and ratably by a lien on pledged project revenues, with no priority based on bond number, dates, or delivery.
United States — Tennessee
1 provisions
Local-government utility rates, fees, and charges must be set and adjusted to keep the public works project self-supporting, cover operating and debt costs, and charge similar customers similarly; water systems and wastewater facilities must use an enterprise fund.