(a) The state funding board is attached to the office of the comptroller of the treasury for all administrative purposes.

Terms Used In Tennessee Code 4-3-306

  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b)

(1) The state funding board is authorized to establish policies and procedures under which the comptroller of the treasury or the comptroller’s designee shall be guided in the administration of state laws concerning bond and note issues by counties, municipalities and utility districts.
(2) Noncompliance with subdivision (b)(1) shall not invalidate any bonds issued by a unit of local government.
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