§ 9-21-119. Validity of Bonds and Notes Unaffected by Certain Irregularities
The validity of the authorization and issuance of the bonds or notes authorized under this chapter shall not be dependent on or affected in any way by proceedings taken for the construction of any public works project or enterprise or contracts made in connection with the construction of any public works project or enterprise or […]
§ 9-21-120. Bond and Note Issues Validated
All bonds and notes issued prior to July 1, 1986, and all proceedings theretofore taken to authorize the issuance of bonds or notes by any local government of this state for any purpose which is designated a public works project by this chapter, are hereby ratified, validated and confirmed, and such bonds and notes are […]
§ 9-21-111. Execution of Bonds and Notes
Bonds and notes issued under this chapter in registered form shall be executed in the manner provided for in the Tennessee Public Obligations Registration Act, compiled in chapter 19 of this title. Bonds, notes, and any interest coupons attached thereto issued under this chapter which are not in registered form may, if so authorized by […]
§ 9-21-112. Interim Certificates
Pending the preparation or delivery of definitive bonds or notes under this chapter, interim certificates or other temporary obligations may be issued by the local government to the purchaser of the bonds or notes. The interim certificates or other temporary obligations shall be in such form and contain such terms, conditions and provisions as the […]
§ 9-21-101. Short Title
This chapter shall be known and may be cited as the “Local Government Public Obligations Act of 1986.”
§ 9-21-102. Intent
It is the intent and purpose of this chapter to provide a uniform and comprehensive statutory framework authorizing any local government to issue general obligation bonds and revenue bonds for public works projects, general obligation bonds for certain unfunded pension obligations, general obligation refunding bonds, revenue refunding bonds, bond anticipation notes, capital outlay notes, grant […]
§ 9-21-103. No Indebtedness Limit
Bonds or notes may be issued under this chapter, notwithstanding and without regard to any limit on indebtedness provided by law.
§ 9-21-104. Negotiability
Any bonds or notes issued by a local government pursuant to this chapter shall be fully negotiable for all purposes in the absence of an express recital on the face of the bond or note that it is nonnegotiable.
§ 9-21-105. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Bondholder,” “holder of bonds” or any similar term means any person who shall be the bearer of any outstanding bonds, notes or other obligations registered to bearer or not registered, or the registered owner of any such outstanding bonds, notes or other obligations which shall […]
§ 9-21-106. Rate Discrimination Prohibited
When a public works project supplies its services to consumers who use solar or wind powered equipment as a source of energy, that public works project shall not discriminate against those consumers by its rates, fees or charges or by altering the availability or quality of energy. Any consumer who uses solar, wind power, or […]