Browse legislation and open any statute to read or ask LexChat.
30,219 statutes · page 1,497 of 1,511
United States — Tennessee
1 provisions
Bond anticipation notes need comptroller approval before sale, can be extended or renewed only with that approval, and must generally be retired over time if outstanding.
United States — Tennessee
1 provisions
A local government's governing body may issue and sell interest-bearing capital outlay notes, but the sale must first be approved by the comptroller of the treasury or the comptroller's designee.
United States — Tennessee
1 provisions
Capital outlay notes must be sold for at least 99% of par plus accrued interest, and local governments may enter certain interest-rate swap, floor/ceiling, and hedging agreements if the stated compliance conditions are met.
United States — Tennessee
1 provisions
Capital outlay notes become direct obligations of the local government, and the governing body may levy a special tax to create a sinking fund for repayment; project revenues may also secure certain notes.
United States — Tennessee
1 provisions
Capital outlay notes generally may run until the end of the third fiscal year after issuance, subject to limited renewals with comptroller approval, and the local government must retire at least one-ninth of principal each year unless the retirement requirement is waived.
United States — Tennessee
1 provisions
These notes may last no longer than ten fiscal years, and the local government must retire principal each year while they are outstanding.
United States — Tennessee
1 provisions
A local government must apply by resolution to extend or renew the maturity date of certain capital outlay notes, and notes generally may not be converted to bonds more than two years after issuance without approval.
United States — Tennessee
1 provisions
The local government’s governing body may direct how authorized notes are sold, including by competitive public sale or private negotiated sale.
United States — Tennessee
1 provisions
Capital outlay notes may be issued for more than three fiscal years, but never past the twelfth fiscal year, and the local government must retire principal annually unless approved otherwise by the comptroller.
United States — Tennessee
1 provisions
This section says local governments may sell capital outlay notes by competitive public sale or informal bid process, with different notice and approval steps depending on the method.
United States — Tennessee
1 provisions
A local government’s request to renew or extend these notes must be made by resolution, and longer extensions trigger extra compliance and maturity limits.
United States — Tennessee
1 provisions
Capital outlay notes for this EPA program may run up to 20 years, must be set to mature serially, may be made redeemable before maturity at local government’s option, and the comptroller or designee may waive periodic retirement when approving them.
United States — Tennessee
1 provisions
Capital outlay notes and general obligation bonds may be refunded through capital outlay notes, but the refunding notes cannot mature later than the original notes or bonds unless the comptroller approves.
United States — Tennessee
1 provisions
A local government governing body may, by resolution, issue and sell interest-bearing grant anticipation notes for public works projects, subject to pledge, contract, and approval conditions.
United States — Tennessee
1 provisions
Grant anticipation notes must be sold for at least par value plus accrued interest.
United States — Tennessee
1 provisions
The local government’s governing body may direct how grant anticipation notes are sold.
United States — Tennessee
1 provisions
Local governments may secure grant anticipation notes with a pledged amount of moneys, may treat interest on those notes as a general obligation, and may levy ad valorem taxes for that interest; but the principal is not a general obligation and cannot be paid with ad valorem taxes.
United States — Tennessee
1 provisions
Grant anticipation notes generally cannot run longer than 3 years, but the comptroller of the treasury or the comptroller’s designee may approve a maturity date up to 7 years, and may approve a further extension or renewal up to 10 years if the local government applies by resolution and certifies the required 10% timin
United States — Tennessee
1 provisions
A local government governing body may issue interest-bearing tax anticipation notes, but the sale must first be approved and the notes must mature by the end of the current fiscal year.
United States — Tennessee
1 provisions
Tax anticipation notes must be sold for at least par value plus accrued interest.