§ 4-31-901. Short Title
This part shall be known and may be cited as the “Tennessee Local Development Authority Leaking Underground Storage Funding Act of 1997.”
§ 4-31-902. Legislative Findings
The general assembly finds and declares that the costs incurred in connection with reasonable and safe cleanup with respect to petroleum sites within the state, as provided in title 68, chapter 215, part 1, are extensive and threaten the state’s ability to meet its obligations with respect to the environment. It is accordingly in furtherance […]
§ 4-31-903. Bonds Authorized
For the purpose of providing moneys for deposit with the petroleum underground storage tank board, the authority, in addition to the powers otherwise created by law, has the power and is hereby authorized to issue from time to time negotiable bonds and notes of the authority in an amount not to exceed fifteen million dollars […]
§ 4-31-904. Authorization by Resolution — Payment
The bonds and notes shall be authorized by resolution of the authority, secured by the deposit of the assurance fee required under § 68-215-110, under such terms and conditions as deemed appropriate by the authority; provided, that such debt, including any renewals or extensions, shall not be outstanding longer than twenty (20) years or the […]
§ 4-31-1001. Short Title
This part shall be known and may be cited as the “Tennessee Lottery Funds for Education Projects Loan Act of 2003.”
§ 4-31-1002. Legislative Intent
The general assembly finds and declares that: Financing costs incurred by local governments in connection with education projects are a significant factor in the ability of the local governments to meet the kindergarten through grade twelve (K-12) educational needs of their communities; and To the extent that financing of education projects can be accomplished less […]
§ 4-31-1003. Part Definitions
As used in this part, unless the context otherwise requires: “Authority” means the Tennessee local development authority; “Construction” means the building, reconstruction, creation, replacement, extension, repairing, betterment, improvement, alteration, equipment, extension, or acquisition, including, but not limited to, the acquisition of land and of rights in land, the engineering, architectural designs, plans, working drawings, specifications, […]
§ 4-31-1004. Power and Authority
In addition to the powers otherwise granted by law, the authority has the power and is authorized to make loans to any local government unit to finance the construction of education projects pursuant to a loan agreement between the local government unit and the authority. Such loans shall be made from the proceeds of bonds […]
§ 4-31-1005. Loan Agreements
Subject to any existing contractual obligations of the local government unit and the local education agency, the authority may enter into loan agreements with any local government unit and any local government unit may enter into loan agreements with the authority for loans for education projects described in this part. Any loan agreement may include […]
§ 4-31-811. Tennessee Insurance Guaranty Association Fund
The authority is hereby authorized to establish in the state treasury a special trust fund of the authority to be known as the “Tennessee insurance guaranty association fund.” The state hereby covenants and agrees that from and after the issuance of any bonds or notes under and pursuant to this part, moneys derived by the […]