§ 9-20-101. Short Title
This chapter shall be known as the “Tennessee Allocation Plan for Private Activity Bonds.”
§ 9-20-102. Legislative Purpose — Reassignment of Allocations
The purpose of this chapter is to provide a procedure for allocating the state’s private activity bond authority among governmental units in the state having the authority to issue bonds under the Tax Reform Act of 1986. Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds […]
§ 9-20-103. Authority for Allocating State’s Bond Authority
There is hereby created in the department of economic and community development the authority for the commissioner, under this chapter, to allocate the state’s bond authority among governmental units having authority to issue bonds.
§ 9-20-104. Preparation, Distribution and Contents of Allocation Plans
The commissioner shall, prior to January 1 of each year, prepare and distribute an allocation plan for bonds that meets the following goals: Provides equal access to the state bond authority for large cities, small towns and rural areas; and Provides the most benefit to the state from the bond authority available to it.
§ 9-20-105. Reports
Prior to January 31 of each year, the commissioner shall report to the general assembly on the administration of the bond allocation program. This report shall contain, but not be limited to, the following information about bond issues approved and disapproved: Amount; Purpose; and Location. The commissioner may include in this report any additional information […]
§ 9-20-106. Administration of Part
This chapter shall be administered under the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.