Terms Used In Tennessee Code 41-8-114

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grant: means those funds provided under this chapter by the state to the county for which the state does not require repayment by the county. See Tennessee Code 41-8-103
  • Loan: means those funds provided under this chapter by the state to the county for which the state does require repayment by the county. See Tennessee Code 41-8-103
  • 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

Nothing in this chapter shall be construed to limit the right of any county to accept any gift, grant or loan of funds or financial or other aid of any form that might otherwise be available to that county from the state or federal government or any agency of the state or federal government or from any other sources or from complying with the terms and conditions of the aid not inconsistent with this chapter.