Tennessee Code Title 9. Public Finances § 9-21-201

(a)(1) Any local government is authorized to issue general obligation bonds under this part and part 1 of this chapter for a public works project.

(2) “General obligation bonds” mean those bonds in which the local government incurs a definite and absolute obligation by pledging the full faith, credit and unlimited taxing power of the local government as to all taxable property in the local government or of a portion of the local government, if applicable, to the payment of the principal of and interest on such bonds.