(a) Bonds or notes issued pursuant to this part may be sold at either public sale or private negotiated sale.

Terms Used In Tennessee Code 7-86-121

  • District: means any emergency communications district created pursuant to this part. See Tennessee Code 7-86-103
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) All revenues, including any debt obligation issued for the purpose of a lease/lease purchase, must be expended according to the County Purchasing Law of 1983, compiled in title 5, chapter 14, part 2. For the purposes of applying title 5, chapter 14, part 2, the district board of directors is deemed to be the governing body.
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