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30,219 statutes · page 1,499 of 1,511
United States — Tennessee
1 provisions
A pledge or lien on collateral created by an issuer is valid when created, and it does not need public filing or recording to keep its validity or priority.
United States — Tennessee
1 provisions
Public obligations secured by the same pledge or lien must be treated equally, unless the authorizing official action says otherwise.
United States — Tennessee
1 provisions
Holders of public obligations may enforce the related pledge or lien, but the enforcement method is governed by Tennessee law and the authorizing official action.
United States — Tennessee
1 provisions
This chapter does not let an issuer change the terms of its public obligations or impair creditors’ rights and remedies.
United States — Tennessee
1 provisions
This chapter adds to other Tennessee laws, but if there is a conflict, the other law controls.
United States — Tennessee
1 provisions
This chapter may be cited as the Uniformity in Tax Increment Financing Act of 2012.
United States — Tennessee
1 provisions
This section defines terms used in the chapter, including tax increment terms, agencies, plans, and related public-finance concepts.
United States — Tennessee
1 provisions
This section sets how property taxes in a plan area are divided between taxing agencies and the tax increment agency, and it sets timing rules for paying and distributing tax increment revenues.
United States — Tennessee
1 provisions
Tax increment revenues generally cannot be allocated for more than 20 years for an economic impact plan or 30 years for a redevelopment or community redevelopment plan, unless the commissioner and comptroller approve a longer period in writing.
United States — Tennessee
1 provisions
A plan may set aside up to 5% of incremental tax revenues for administrative expenses; a qualifying transit-oriented redevelopment plan with at least $1,000,000 in tax increment financing may set aside up to 3%.
United States — Tennessee
1 provisions
Tax increment agencies must send certain plan and property information to local assessors and finance officers, file the same information with the comptroller, and file an annual revenue statement by October 1.
United States — Tennessee
1 provisions
Taxing agencies and tax increment agencies may agree on, approve, and amend policies and procedures for tax increment revenues, but those policies must not conflict with this chapter or any tax increment statute.
United States — Tennessee
1 provisions
Tax increment revenues payable to an industrial development corporation must be used only for specified project and infrastructure costs, unless the commissioner and comptroller issue a written determination approving other uses.
United States — Tennessee
1 provisions
A Tennessee municipal or public corporation may replace serial bonds with fully registered bonds by resolution, and must exchange them for serial bonds on the holder’s request.
United States — Tennessee
1 provisions
United States — Tennessee
1 provisions
Certain Tennessee local governments may set loan agreement terms by agreement, but the term cannot exceed 40 years or any shorter term authorized by law, and the agreement may include security allowed by law.
United States — Tennessee
1 provisions
The provision says audits must be made for specified purposes and gives auditors authority to audit a general sessions judge’s books and records when directed by the comptroller of the treasury.
United States — Tennessee
1 provisions
Auditors must investigate delinquent and unpaid inheritance, succession, privilege, and ad valorem taxes and determine the correct amount owed.
United States — Tennessee
1 provisions
Auditors may identify improperly assessed personal property for the current year and report it to the comptroller, who must direct the county trustee to enter it on the tax books.
United States — Tennessee
1 provisions
Auditors must file a copy of each county audit with the county trustee and another with the county mayor within a reasonable time after the audit is completed, and they must carry out additional duties the comptroller of the treasury may require.