Allocation of funds — Criteria
Acts 1986, ch. 846, § 13; 1990, ch. 885, § 17.
In allocating loan funds to local government units, the authority shall give consideration to, and apply, the following standards and criteria:
(1) The need and desirability for capital projects; and
(2) The ability of the local government unit to secure borrowed money from other sources and costs thereof.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.