Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) In addition to the powers otherwise granted by law, the authority has the power and is authorized to issue and sell bonds and notes, the proceeds of which may be used to make loans to any grantee for the construction or the refinancing of the construction of a facility pursuant to a loan agreement between the grantee, the department and the authority.
(b) Such loans shall be made from the proceeds of bonds or notes issued by the authority for the purpose of making such loans.
Cite this article: FindLaw.com - Tennessee Code Title 4. State Government § 4-31-704 - last updated January 01, 2020 | https://codes.findlaw.com/tn/title-4-state-government/tn-code-sect-4-31-704.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?