§ 4-31-1202. Part Definitions
As used in this part: “Department of transportation” means the Tennessee department of transportation and its successors; “Eligible costs” means, as applied to a qualified project to be financed with federal funds, the costs that are permitted under applicable federal laws, requirements, procedures and guidelines. As applied to all other qualified projects, “eligible costs” includes […]
§ 4-31-1203. Establishment — Accounts — Investment of Funds — Interest and Earnings
The department of finance and administration shall establish the Tennessee transportation state infrastructure fund, in the state treasury, under the control of the authority. For necessary and convenient administration of the fund, the authority shall establish accounts and subaccounts as necessary to meet any applicable federal law requirements or as necessary or desirable in order […]
§ 4-31-1204. Transfer of Funds From Existing Fund — Capitalization of Fund — Soliciting Funds — Prohibition Against Commingling Funds — Entering Cooperative Agreements
The state treasurer shall transfer the balance from the existing fund for the Tennessee state infrastructure bank, administered by the department of transportation, on July 1, 2009, to the fund established in § 4-31-1203. The following sources may be used to capitalize the fund and for the authority to carry out its purposes: Appropriations by […]
§ 4-31-1205. Recommendation of Projects — Loans — Qualified Borrowers — Reimbursement of Costs — Loan Fees
The commissioner of transportation shall review a proposed project and shall determine if it is an eligible project and, if so, whether or not to recommend the project to the authority. Preference may be given to eligible projects that have financial support in addition to any loan that may be received from the fund. Upon […]
§ 4-31-1206. Part Supplemental to Other Law — Debt Limit Not Applicable — Adequate Security — Pledge Valid and Binding — Misuse of Loan
This part is in addition and supplemental to any other law providing for the financing of eligible projects of qualified borrowers and shall not be deemed to amend or repeal any other law. Qualified borrowers may enter into financing agreements under this part, notwithstanding and without regard to any limit on indebtedness provided by law. […]
§ 4-31-1207. Default on Amounts Due
If a qualified borrower fails to collect and remit in full all amounts due to the authority on the date the amounts are due under the terms of any note or other obligation of the qualified borrower, or if the qualified borrower fails to repay funds or pay damages in the event of misuse of […]
§ 4-31-1208. Annual Report — Audit
Following the close of each state fiscal year, the authority shall submit an annual report of its activities for the preceding year to the governor, the speaker of the senate and the speaker of the house of representatives and make the report available to the general assembly. The authority also shall submit an annual report […]
§ 4-31-1209. Policies and Procedures
The authority, in consultation with the department of transportation, is authorized to adopt policies and procedures to effectuate the purposes of this part.
§ 4-31-1201. Short Title
This part shall be known and may be cited as the “Tennessee Transportation State Infrastructure Fund Act.”
§ 4-31-1006. Levy and Collection of Tax to Pay for Loan
Whenever, and as often as, a local government unit enters into a loan agreement with the authority under this part, the governing body of such local government unit shall provide by resolution for the levy and collection of a tax upon all taxable property within the local government unit sufficient to pay when due all […]