Nothing in this chapter shall be deemed in any way to alter the terms of any agreements made with the holders of any outstanding bonds or notes of the local government or to authorize the local government to alter the terms of any such agreements, or to impair, or to authorize the local government to impair, the rights and remedies of any creditors of the local government.
Tenn. Code Ann. § 9-21-121
Impairment of contract
Known as the Local Government Public Obligations Act
The act spans §§ 9–9 (136 sections).
Acts 1986, ch. 770, § 1-21.
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.