§ 4-31-707. Administration of Loans — Loan Agreement — Security
The authority shall administer loans made under this part. In so doing, the authority may adopt rules and regulations necessary for the effective administration of this part. The loan agreements into which the authority enters with grantees may include such provisions as may be agreed upon by the authority and the grantees and shall include […]
§ 4-31-708. Notice of Failure to Remit Funds — Withholding of Funds
In the event any grantee having entered into a loan agreement shall fail to remit funds in accordance with the annual repayment schedule established by the authority, the commissioner of finance and administration shall deliver by certified mail or other means of verified delivery written notice of such failure to the grantee within five (5) […]
§ 4-31-709. Enforcement
The authority has the right, in addition to all other rights, by appropriate suit, action or proceeding in any court of competent jurisdiction, to require the grantee, its governing body, or any proper officer, agent or employee to carry out any agreements and to perform its and their duties under this part or under any […]
§ 4-31-710. Certificate Filed by Commissioner
Prior to the issuance of bonds or notes pursuant to this part, the commissioner shall file with the authority a certificate to the effect that: The project to be financed from the proceeds of such bonds or notes constitutes a facility in accordance with § 33-2-402; Assisting the grantee in financing such project is in […]
§ 4-31-711. Grantee’s Plan of Operation
At least ninety (90) days prior to the beginning of each state fiscal year, the grantee shall submit a plan of operation for review and approval to the commissioners of mental health and substance abuse services, intellectual and developmental disabilities, health and finance and administration and the comptroller of the treasury. The plan of operation […]
§ 4-31-801. Short Title
This chapter shall be known and cited as the “Tennessee Insurance Guaranty Association Bond Act of 1995.”
§ 4-31-802. Legislative Findings and Declarations
The general assembly finds and declares that if a natural disaster, as defined herein, causes, in whole or in part, an insolvency resulting in covered claims in excess of the association’s capacity to pay from the assessments under § 56-12-107(a)(3), it is proper to authorize the authority to issue bonds to expedite the handling and […]
§ 4-31-704. Issuance and Sale of Bonds and Notes — Loans — Authorization
In addition to the powers otherwise granted by law, the authority has the power and is authorized to issue and sell bonds and notes, the proceeds of which may be used to make loans to any grantee for the construction or the refinancing of the construction of a facility pursuant to a loan agreement between […]
§ 4-31-705. Repayment of Loans
The authority shall establish a repayment schedule to be made by a grantee under a loan agreement. Such repayments shall be in such amounts as will be at least sufficient, together with other funds available therefor, to pay the principal of, and interest on, authority bonds and notes issued for the purpose of providing loans […]
§ 4-31-609. Approval of Agreements — Audits
All loan agreements entered into pursuant to this part shall be subject to approval by the attorney general and reporter as to the form and by the commissioner of finance and administration, and all payments made pursuant to such loan agreement shall be as to funding approved by the authority, and such payments shall be […]