§ 9-22-106. Enforcement of Pledges or Liens
The manner in which the holder or holders of public obligations may enforce the pledge or lien created by an issuer with respect thereto shall be governed by Tennessee law authorizing the creation of such pledge or lien, and, subject to such provisions of Tennessee law, the terms of the official action authorizing such public […]
§ 9-22-107. Impairment of Contract
Nothing in this chapter shall be deemed in any way to alter the terms of any agreements made with the holders of any public obligations of an issuer or to authorize an issuer to alter the terms of any such public obligations, or to impair, or to authorize any issuer to impair, the rights and […]
§ 9-21-1016. Recourse Restricted to Revenues
No recourse shall be had for the payment of the revenue refunding bonds, or interest thereon, or any part thereof, against the general funds of any local government, nor shall the credit or taxing power of any local government be deemed to be pledged to the payment of the revenue refunding bonds. The revenue refunding […]
§ 9-21-1017. Remedies of Revenue Refunding Bondholders
Any holder of revenue refunding bonds issued pursuant to this part and part 1 of this chapter shall have all rights provided to the holders of revenue bonds in §§ 9-21-310, 9-21-311 and 9-21-316. If a receiver is appointed for an enterprise pursuant to those provisions, then the powers and duties of the receiver shall […]
§ 9-21-1101. Authorization, Security, and Retirement of Health Care Revenue Anticipation Notes
The governing body of a local government operating a nursing home is authorized to issue health care revenue anticipation notes under this part and part 1 of this chapter for the purpose of providing funds to be transferred to the state pursuant to an approved intergovernmental transfer agreement between the state and the local government. […]
§ 9-21-1102. Terms of Health Care Revenue Anticipation Notes
Health care revenue anticipation notes shall be sold at not less than par value plus accrued interest. Health care revenue anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate or rates, which may vary from time to time, may be payable […]
§ 9-21-1103. Method of Sale of Health Care Revenue Anticipation Notes
Health care revenue anticipation notes may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct.
§ 9-21-1104. Interfund Loans
Local governments are hereby authorized to make interfund loans in accordance with procedures for issuance of notes under this part.
§ 9-22-101. Short Title
This chapter shall be known and may be cited as the “Perfection, Priority and Enforcement of Public Pledges and Liens Act.”
§ 9-22-102. Intent
It is the intent and purpose of this chapter to clarify the statutory framework governing the perfection, priority and enforcement of pledges and liens made or granted in connection with the issuance of public obligations, and to preserve the customary practices with respect to these matters that have developed in the state of Tennessee among […]