Tennessee Code 9-24-103 – Relationship to other laws
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 9-24-103
- Lease: means an agreement for the use of property under which a public entity is the lessee. See Tennessee Code 9-24-102
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lease financing: means any lease under which:
(A) The rental payments payable thereunder by the public entity include an identifiable interest component. See Tennessee Code 9-24-102
This chapter does not expand the authority of any public entity to enter into any lease financing. The authority of any public entity, if any, to enter into a lease financing is derived from the powers of the public entity as set forth in other applicable laws. This chapter does not limit the authority of any public entity to enter into any lease financing, except as is specifically provided in this chapter.