If any general obligation refunding bonds are to be sold pursuant to a commitment of a state or federal agency to purchase the same, such bonds may be sold at a private negotiated sale to the state or federal agency without the necessity of any public advertisement of the sale or of the approval of the comptroller of the treasury or the comptroller's designee.
Tenn. Code Ann. § 9-21-911
Sale of general obligation refunding bonds to a state or federal agency
Known as the Local Government Public Obligations Act
The act spans §§ 9-21-1001 to 9-21-916 (136 sections).
Acts 1986, ch. 770, § 9-11; 2005, ch. 393, § 11; 2010, ch. 868, § 67.
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.