Tennessee Code 49-3-1212 – Exclusive power of authority to issue bonds for school credit bond project
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Terms Used In Tennessee Code 49-3-1212
- Authority: means the Tennessee state school bond authority created by §. See Tennessee Code 49-3-1202
- Project: means and includes buildings, structures, improvements and equipment of every kind, nature and description, that may be required by or convenient for the purpose of an institution, or a combination of two (2) or more such buildings, structures, improvements and equipment. See Tennessee Code 49-3-1202
The authority shall have power and is authorized to issue its negotiable bonds for a school credit bond project, as such term is defined in § 49-3-1202. Bonds for school credit bond projects may be issued only by the authority.