§ 9-9-205. Sale of Bonds — Appropriation of Funds in Lieu of Sale of Bonds
Any and all bonds issued by the funding board shall be sold in such manner and at such times as may be approved by the funding board. If there are unappropriated funds in the general fund, highway fund or state debt service fund of the state sufficient to defray the cost of the betterments, improvements, […]
§ 9-9-206. Application of Law to Other Statutes
Parts 1 and 2 of this chapter shall be applicable to existing statutes authorizing the issuance of bonds, as well as acts of this and subsequent general assemblies. Notwithstanding any other general law, parts 1 and 2 of this chapter shall prevail. However, bonds heretofore or hereafter authorized by the general assembly to be issued […]
§ 9-9-207. Issuance of Refunding Bonds
The funding board may issue general obligation refunding bonds to refund outstanding obligations previously issued under the authority of this chapter, upon the determination by the board that such bonds are necessary: To accomplish cost savings to the public; For the administrative convenience of the board; To pay or discharge all or any part of […]
§ 9-9-208. Authorization to Cancel Bonds — Factors in Determination
The funding board is authorized, empowered and directed to cancel bonds authorized to be issued by the funding board upon its determination by resolution that one (1) of the following has occurred and the canceled amount of that bond authorization is no longer needed to fund the authorized project: The project has been financed with […]
§ 9-9-201. Obligations Subject to Funding
All general obligation bonds already issued or which may hereafter be issued by the state of Tennessee shall be subject to financing, refinancing and retirement under this chapter.
§ 9-9-202. Authorization to Issue Bonds — Purposes, Contents, Form, Redemption of Bonds — Interest Rate Agreements — Jurisdiction
For the purpose of effectuating this chapter, the funding board is hereby authorized to issue bonds of the state of Tennessee in amounts and for purposes heretofore or hereafter authorized by the general assembly. Each issue of bonds may be for one (1) or more purposes, irrespective whether the purposes have been provided for by […]
§ 9-9-203. Authority to Offer Bonds for Sale and Determine Interest Rates — Delivery Periods
The funding board is hereby authorized, empowered and directed to offer for sale any and all bonds heretofore or hereafter authorized to be issued by the funding board, and to determine by resolution the maximum rate or rates of interest which such bonds shall bear. The funding board may enter into an agreement to sell […]
§ 9-9-204. Removal of Statutory Limitations on Interest Rates
Whenever the interest rate or rates determined by resolution of the funding board exceed those contained in the act or acts authorizing the issuance of such bonds, the rate or rates determined by the funding board shall prevail, it being the legislative intent to remove all statutory limitations regarding maximum interest rates and all such […]