Capital outlay notes issued pursuant to this part and general obligation bonds may be refunded by issuing capital outlay notes under this part, in accordance with the requirements and procedures set forth in this part and in §§ 9-21-903, 9-21-904, 9-21-910, 9-21-912, 9-21-913 and 9-21-914. The final maturity date of the refunding notes shall not be later than the final maturity date of the notes being refunded or the bonds being refunded, unless otherwise approved by the comptroller of the treasury or the comptroller's designee.
Tenn. Code Ann. § 9-21-612
Refunding of capital outlay notes
Known as the Local Government Public Obligations Act
The act spans §§ 9-21-1001 to 9-21-916 (136 sections).
Acts 1994, ch. 806, § 5; T.C.A., § 9-21-917; Acts 1996, ch. 632, § 1; 2005, ch. 393, § 9; 2010, ch. 868, § 60.
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.