§ 4-31-118. Loans for Acquisition and Improvement of Mental Health and Developmental Disability Facilities
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 acquisitions and improvement of facilities previously financed under part 7 of this chapter. Any loan agreement may include such provisions as may be agreed upon by the […]
§ 4-31-119. Authority of the Tennessee Local Development Authority to Allocate the National Qualified Energy Conservation Bond Limitation — Administration of Programs — Issuance of Bonds for Qualified Energy Conservation Projects
The state delegates to the Tennessee local development authority the authority to allocate on behalf of the state the portion of the “national qualified energy conservation bond limitation,” as defined in § 54D of the Internal Revenue Code of 1986 (26 U.S.C. § 54D [repealed]), that is allocated to the state pursuant to § 54D, […]
§ 4-31-120. Bonds and Notes — Maintenance of Tax-Exempt Status
For the purpose of ensuring that the bonds or notes authorized under this chapter and issued after March 8, 2016, maintain their tax-exempt status as may be provided by the Internal Revenue Code of 1986 (26 U.S.C.), as amended, no state officer or employee or user of a capital project, pollution control facility, or any […]
§ 4-31-201. Short Title
This part shall be known and may be cited as the “Tennessee Agricultural Development Act.”
§ 4-31-202. Legislative Findings
The general assembly finds and declares that: The high cost and limited availability of agricultural financing threatens to halt needed expansion or even perpetuation of many farm operations and related enterprises in Tennessee; These conditions severely limit the ability of young persons to begin farming or to carry on family farming traditions; Resulting shortages in […]
§ 4-31-203. Loans — General Power of Authority
The authority may make, and undertake commitments to make, loans to or deposits with lenders under the agricultural development loan program for the financing of certain agricultural enterprises under terms and conditions that shall: Require the proceeds thereof to be used by such lenders to make loans for agricultural enterprises; and Require that no loans […]
§ 4-31-109. Bonds and Notes — Issuance to Fund Pollution Control Facilities
For the purpose of providing moneys to assist small business concerns in financing pollution control facilities, the authority, in addition to the powers otherwise granted by law, has the power and is hereby authorized to issue from time to time negotiable bonds and notes of the authority in such principal amounts as may from time […]
§ 4-31-110. Bonds and Notes Issued Under § 4-31-109 — Limitations
Prior to the issuance of bonds or notes pursuant to § 4-31-109, the industrial development authority shall file with the authority a certificate to the effect that the pollution control facilities to be financed from the proceeds of such bonds or notes constitute pollution control facilities as defined in this chapter, and that assisting the […]
§ 4-31-111. Bonds and Notes — Holders’ Rights Preserved
The state does hereby covenant and agree with the holders of any bonds or notes issued under this chapter, that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies […]
§ 4-31-112. Bonds and Notes — Negotiable Instruments
Whether or not the bonds or notes issued under this chapter are of such form and character as to be negotiable instruments under the negotiable instruments law, title 47, chapter 3, such bonds or notes shall be and hereby are made negotiable instruments within the meaning of and for all the purposes of the negotiable […]