Whenever the commissioner of education is authorized by the state board of education to take responsibility for the operation of any local school system or school that has been placed on probation pursuant to title 49, chapter 1, part 6, the state acting under the authority of the state building commission may issue debt necessary to fund school building improvements, demolition or new construction as approved by the commissioner and the state board of education. Such debt may be required to be repaid from any funds available to such local school system.
Tenn. Code Ann. § 9-21-128
Debt necessary to fund school building improvements, demolition or new construction
Known as the Local Government Public Obligations Act
The act spans §§ 9-21-1001 to 9-21-916 (136 sections).
Acts 1998, ch. 737, § 2.
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.