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Tennessee Code Title 9. Public Finances § 9-21-113

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) The proceeds received from the sale of bonds or notes issued under this chapter by a local government shall be deposited with, in the case of counties, the county trustee or, in the case of municipalities or metropolitan governments, with the official designated by law as custodian of the funds, or be deposited as provided in the resolution authorizing the bonds or notes.

(b) The official designated as custodian of the funds shall not receive extra compensation for handling the funds.

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Cite this article: FindLaw.com - Tennessee Code Title 9. Public Finances § 9-21-113 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-9-public-finances/tn-code-sect-9-21-113/

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