Legislative purpose — Reassignment of allocations
Known as the Tennessee Allocation Plan for Private Act
The act spans §§ 9–9 (6 sections).
Acts 1985, ch. 237, § 2; 1987, ch. 57, §§ 2-5.
(1) 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.
(2) Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds on behalf of governmental units.
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.