Tenn. Code Ann. § 9-8-111 — TN Code / Title 9 / Chapter 8 / Section 9-8-111
Compensation for loss, damage or destruction of personal property
Status: in_force

(a) (1) The state shall compensate state employees for the loss, damage or destruction of personal property which is not otherwise compensable which occurs in the course of employment and which is required by the state to be used in the course of employment. (2) For purposes of this section, a motor vehicle shall be considered required by the state to be used in the course of employment only if: (A) The employee was reimbursed for mileage by the state for use of such motor vehicle at the time of the incident giving rise to the claim; or (B) The employee was authorized to use a rental motor vehicle paid for by the state at the time of the incident giving rise to the claim. (3) The requirement that the employee's personal property be required by the state to be used in the course of employment shall be waived if: (A) The loss, damage or destruction resulted from an assault and battery upon the state employee; (B) The loss, damage or destruction occurred while the employee was performing duties outside the normal scope of such employee's employment at the direction of an immediate supervisor; or (C) The loss, damage or destruction occurred as a result of a special hazard of the employee's employment which is not encountered by the general public. (b) Notwithstanding subsection (a), the state shall not compensate state employees for the loss, damage or destruction of personal property if: (1) The loss, damage or destruction resulted from an act of God or natural disaster; (2) The loss, damage or destruction of personal property which is not a motor vehicle resulted from the employee's negligence; (3) The loss, damage or destruction of personal property which is a motor vehicle resulted from the employee's gross negligence; or (4) The loss, damage or destruction represents normal wear and tear of personal property. (c) In cases where the employee has the benefit of insurance coverage for the personal property, the employee shall not be compensated by the state unless the employee has attempted to obtain compensation from such insurer. The state shall compensate the employee only to the extent the employee is not compensated by the insurer. (d) In cases where the loss, damage or destruction is to a motor vehicle and the employee does not have the benefit of insurance coverage for the motor vehicle, the employee shall not be compensated by the state in an amount in excess of five hundred dollars ($500). (e) The burden shall be upon the employee to prove the extent of the loss, damage or destruction of personal property and the failure of an insurer to compensate for such loss, damage or destruction. The state shall only be responsible for compensating employees to the extent that such proof is submitted. Acts 1981, ch. 517, § 1; T.C.A., § 9-8-218; Acts 1984, ch. 972, § 19; 1986, ch. 626, § 9; 1988, ch. 850, § 1; 1998, ch. 785, § 1.
(a) (1) The state shall compensate state employees for the loss, damage or destruction of personal property which is not otherwise compensable which occurs in the course of employment and which is required by the state to be used in the course of employment. (2) For purposes of this section, a motor vehicle shall be considered required by the state to be used in the course of employment only if: (A) The employee was reimbursed for mileage by the state for use of such motor vehicle at the time of the incident giving rise to the claim; or (B) The employee was authorized to use a rental motor vehicle paid for by the state at the time of the incident giving rise to the claim. (3) The requirement that the employee's personal property be required by the state to be used in the course of employment shall be waived if: (A) The loss, damage or destruction resulted from an assault and battery upon the state employee; (B) The loss, damage or destruction occurred while the employee was performing duties outside the normal scope of such employee's employment at the direction of an immediate supervisor; or (C) The loss, damage or destruction occurred as a result of a special hazard of the employee's employment which is not encountered by the general public.
(1) The state shall compensate state employees for the loss, damage or destruction of personal property which is not otherwise compensable which occurs in the course of employment and which is required by the state to be used in the course of employment.
(2) For purposes of this section, a motor vehicle shall be considered required by the state to be used in the course of employment only if: (A) The employee was reimbursed for mileage by the state for use of such motor vehicle at the time of the incident giving rise to the claim; or (B) The employee was authorized to use a rental motor vehicle paid for by the state at the time of the incident giving rise to the claim.
(A) The employee was reimbursed for mileage by the state for use of such motor vehicle at the time of the incident giving rise to the claim; or
(B) The employee was authorized to use a rental motor vehicle paid for by the state at the time of the incident giving rise to the claim.
(3) The requirement that the employee's personal property be required by the state to be used in the course of employment shall be waived if: (A) The loss, damage or destruction resulted from an assault and battery upon the state employee; (B) The loss, damage or destruction occurred while the employee was performing duties outside the normal scope of such employee's employment at the direction of an immediate supervisor; or (C) The loss, damage or destruction occurred as a result of a special hazard of the employee's employment which is not encountered by the general public.
(A) The loss, damage or destruction resulted from an assault and battery upon the state employee;
(B) The loss, damage or destruction occurred while the employee was performing duties outside the normal scope of such employee's employment at the direction of an immediate supervisor; or
(C) The loss, damage or destruction occurred as a result of a special hazard of the employee's employment which is not encountered by the general public.
(b) Notwithstanding subsection (a), the state shall not compensate state employees for the loss, damage or destruction of personal property if: (1) The loss, damage or destruction resulted from an act of God or natural disaster; (2) The loss, damage or destruction of personal property which is not a motor vehicle resulted from the employee's negligence; (3) The loss, damage or destruction of personal property which is a motor vehicle resulted from the employee's gross negligence; or (4) The loss, damage or destruction represents normal wear and tear of personal property.
(1) The loss, damage or destruction resulted from an act of God or natural disaster;
(2) The loss, damage or destruction of personal property which is not a motor vehicle resulted from the employee's negligence;
(3) The loss, damage or destruction of personal property which is a motor vehicle resulted from the employee's gross negligence; or
(4) The loss, damage or destruction represents normal wear and tear of personal property.
(c) In cases where the employee has the benefit of insurance coverage for the personal property, the employee shall not be compensated by the state unless the employee has attempted to obtain compensation from such insurer. The state shall compensate the employee only to the extent the employee is not compensated by the insurer.
(d) In cases where the loss, damage or destruction is to a motor vehicle and the employee does not have the benefit of insurance coverage for the motor vehicle, the employee shall not be compensated by the state in an amount in excess of five hundred dollars ($500).
(e) The burden shall be upon the employee to prove the extent of the loss, damage or destruction of personal property and the failure of an insurer to compensate for such loss, damage or destruction. The state shall only be responsible for compensating employees to the extent that such proof is submitted.
Acts 1981, ch. 517, § 1; T.C.A., § 9-8-218; Acts 1984, ch. 972, § 19; 1986, ch. 626, § 9; 1988, ch. 850, § 1; 1998, ch. 785, § 1.
Tenn. Code Ann. § 9-9-201 — TN Code / Title 9 / Chapter 9 / Section 9-9-201
Obligations subject to funding
Status: in_force

All general obligation bonds already issued or which may hereafter be issued by the state of Tennessee shall be subject to financing, refinancing and retirement under this chapter. Acts 1943, ch. 136, § 1; C. Supp. 1950, § 1811.6 (Williams, § 1811.29a); T.C.A. (orig. ed.), § 9-912.
All general obligation bonds already issued or which may hereafter be issued by the state of Tennessee shall be subject to financing, refinancing and retirement under this chapter.
Acts 1943, ch. 136, § 1; C. Supp. 1950, § 1811.6 (Williams, § 1811.29a); T.C.A. (orig. ed.), § 9-912.
Tenn. Code Ann. § 9-4-1101 — TN Code / Title 9 / Chapter 4 / Section 9-4-1101
Part definitions
Status: in_force

As used in this part, unless the context otherwise requires: (1) "Legacy pension plan" means the Tennessee consolidated retirement system that is established in title 8, chapters 34 - 37, excluding the Hybrid Retirement Plan for State Employees and Teachers, compiled in title 8, chapter 36, part 9; (2) "State employee" means any person who is a state official, including members of the general assembly, the attorney general and reporter, district attorneys general, state judges, and district public defenders, or any person who is employed in the service of and whose compensation is payable by the state, or any person who is employed by the state whose compensation is paid in whole or in part from federal or other funds. "State employee" also means any person who is employed in the service of and whose compensation is payable by a public institution of higher education, or any person who is employed by a public institution of higher education whose compensation is paid in whole or in part from federal or other funds; and (3) "Trustees" means the five (5) trustees designated in § 9-4-1002 . Added by 2017 Tenn. Acts, ch. 374,s 7, eff. 5/11/2017.
As used in this part, unless the context otherwise requires:
(1) "Legacy pension plan" means the Tennessee consolidated retirement system that is established in title 8, chapters 34 - 37, excluding the Hybrid Retirement Plan for State Employees and Teachers, compiled in title 8, chapter 36, part 9;
(2) "State employee" means any person who is a state official, including members of the general assembly, the attorney general and reporter, district attorneys general, state judges, and district public defenders, or any person who is employed in the service of and whose compensation is payable by the state, or any person who is employed by the state whose compensation is paid in whole or in part from federal or other funds. "State employee" also means any person who is employed in the service of and whose compensation is payable by a public institution of higher education, or any person who is employed by a public institution of higher education whose compensation is paid in whole or in part from federal or other funds; and
(3) "Trustees" means the five (5) trustees designated in § 9-4-1002 .
Added by 2017 Tenn. Acts, ch. 374,s 7, eff. 5/11/2017.
Tenn. Code Ann. § 9-3-208 — TN Code / Title 9 / Chapter 3 / Section 9-3-208
Report and collection of delinquencies
Status: in_force

(a) These auditors are authorized to collect any amounts that their audits may show to be due and owing to the state and county from any such county official; and also to collect any delinquent or unpaid inheritance and succession taxes and privilege and ad valorem taxes that may be due and owing to the county and state, and to report the same to the county mayor for the portion of the same due to the county, and they shall report to the comptroller of the treasury the portion of the same due to the state; provided, that the same can be collected by the auditors without suit. (b) But in the event the auditors cannot collect the sums without suit, they shall report the same to the county mayor and to the comptroller of the treasury, and it shall be the duty of the county mayor to have the county attorney of such county, if there be a county attorney elected, and if not, then an attorney of such county mayor's selection residing in the county, to institute suit or suits for the collection of these sums so reported by these auditors within ninety (90) days from the date of receiving such report; provided, that the same has not been barred by the statute of limitation; and provided further, that if it is in the matter of inheritance or succession taxes, that the full time for making payment of same has expired, or, if pending on exception, when disposition is made of such exception. In the event the county mayor fails or refuses to have such suits instituted as herein provided, within ninety (90) days after receiving such report, the comptroller of the treasury may appoint an attorney to institute and prosecute a suit or suits for the benefit of the state and county. Acts 1923, ch. 109, § 4; Shan. Supp., § 948a13; Code 1932, § 1657; Acts 1945, ch. 36, § 1; mod. C. Supp. 1950, § 1657; impl. am. Acts 1978, ch. 934, §§ 16, 36; T.C.A. (orig. ed.), §§ 9-309, 9-3-108; Acts 1985, ch. 118, § 8; 2003, ch. 90, § 2.
(a) These auditors are authorized to collect any amounts that their audits may show to be due and owing to the state and county from any such county official; and also to collect any delinquent or unpaid inheritance and succession taxes and privilege and ad valorem taxes that may be due and owing to the county and state, and to report the same to the county mayor for the portion of the same due to the county, and they shall report to the comptroller of the treasury the portion of the same due to the state; provided, that the same can be collected by the auditors without suit.
(b) But in the event the auditors cannot collect the sums without suit, they shall report the same to the county mayor and to the comptroller of the treasury, and it shall be the duty of the county mayor to have the county attorney of such county, if there be a county attorney elected, and if not, then an attorney of such county mayor's selection residing in the county, to institute suit or suits for the collection of these sums so reported by these auditors within ninety (90) days from the date of receiving such report; provided, that the same has not been barred by the statute of limitation; and provided further, that if it is in the matter of inheritance or succession taxes, that the full time for making payment of same has expired, or, if pending on exception, when disposition is made of such exception. In the event the county mayor fails or refuses to have such suits instituted as herein provided, within ninety (90) days after receiving such report, the comptroller of the treasury may appoint an attorney to institute and prosecute a suit or suits for the benefit of the state and county.
Acts 1923, ch. 109, § 4; Shan. Supp., § 948a13; Code 1932, § 1657; Acts 1945, ch. 36, § 1; mod. C. Supp. 1950, § 1657; impl. am. Acts 1978, ch. 934, §§ 16, 36; T.C.A. (orig. ed.), §§ 9-309, 9-3-108; Acts 1985, ch. 118, § 8; 2003, ch. 90, § 2.
Tenn. Code Ann. § 9-4-5302 — TN Code / Title 9 / Chapter 4 / Section 9-4-5302
Governor's budget to show increase in apportionment - Amount of increase available to local governments
Status: in_force

(a) Beginning with fiscal year 1980-1981, the budget document submitted by the governor to the general assembly shall indicate the amount of increase in the apportionment of the funds specified in § 9-4-5301 to incorporated municipalities and to county governments above apportionments for the previous year. (b) An amount of one million dollars ($1,000,000) of such increase shall be available for allocation to incorporated municipalities and to county governments as needed, to provide the state's share of any contribution required to fund any law of general application which requires, without local discretion, that incorporated municipalities or county governments increase expenditures as a direct consequence of the passage of any general law; provided, that when the cost of any such law is estimated to exceed fifty thousand dollars ($50,000), the source and amount of funding from state funds shall be set forth in such law. (c) In the event the source and amount of funding from state funds is not set forth in such law, such sources and amounts shall be set forth in the general appropriations act enacted during the same session as such general law. Acts 1979, ch. 436, § 2; T.C.A., §§ 9-632, 9-6-302.
(a) Beginning with fiscal year 1980-1981, the budget document submitted by the governor to the general assembly shall indicate the amount of increase in the apportionment of the funds specified in § 9-4-5301 to incorporated municipalities and to county governments above apportionments for the previous year.
(b) An amount of one million dollars ($1,000,000) of such increase shall be available for allocation to incorporated municipalities and to county governments as needed, to provide the state's share of any contribution required to fund any law of general application which requires, without local discretion, that incorporated municipalities or county governments increase expenditures as a direct consequence of the passage of any general law; provided, that when the cost of any such law is estimated to exceed fifty thousand dollars ($50,000), the source and amount of funding from state funds shall be set forth in such law.
(c) In the event the source and amount of funding from state funds is not set forth in such law, such sources and amounts shall be set forth in the general appropriations act enacted during the same session as such general law.
Acts 1979, ch. 436, § 2; T.C.A., §§ 9-632, 9-6-302.
Tenn. Code Ann. § 9-21-104 — TN Code / Title 9 / Chapter 21 / Section 9-21-104
Negotiability
Status: in_force

Any bonds or notes issued by a local government pursuant to this chapter shall be fully negotiable for all purposes in the absence of an express recital on the face of the bond or note that it is nonnegotiable. Acts 1986, ch. 770, § 1-4.
Any bonds or notes issued by a local government pursuant to this chapter shall be fully negotiable for all purposes in the absence of an express recital on the face of the bond or note that it is nonnegotiable.
Acts 1986, ch. 770, § 1-4.
Tenn. Code Ann. § 9-8-205 — TN Code / Title 9 / Chapter 8 / Section 9-8-205
Authority of board of claims
Status: in_force

Notwithstanding any law to the contrary and in addition to the board of claims' authority set forth in § 9-8-108 , the board of claims is authorized to: (1) Establish the type or types of insurance and the insurance limits as excess insurance coverage necessary to carry out the purposes of this part; (2) Purchase or procure the insurance policy or policies with the fund as the insured; (3) Establish the effective date for which insurance coverage will be provided; (4) Enter into contracts with financial consultants, actuaries, auditors, investment managers, individual attorneys, law firms, and other consultants and professionals as necessary to effectuate the purposes of this part; (5) Establish the process for the administration of claims filed pursuant to this part; (6) Recommend annually to the commissioner of finance and administration the total occurrence basis funding required to satisfy the liabilities arising under this part; and (7) Promulgate rules that are necessary to carry out the purpose and intent of this part. Acts 2015, ch. 493, § 1.
Notwithstanding any law to the contrary and in addition to the board of claims' authority set forth in § 9-8-108 , the board of claims is authorized to:
(1) Establish the type or types of insurance and the insurance limits as excess insurance coverage necessary to carry out the purposes of this part;
(2) Purchase or procure the insurance policy or policies with the fund as the insured;
(3) Establish the effective date for which insurance coverage will be provided;
(4) Enter into contracts with financial consultants, actuaries, auditors, investment managers, individual attorneys, law firms, and other consultants and professionals as necessary to effectuate the purposes of this part;
(5) Establish the process for the administration of claims filed pursuant to this part;
(6) Recommend annually to the commissioner of finance and administration the total occurrence basis funding required to satisfy the liabilities arising under this part; and
(7) Promulgate rules that are necessary to carry out the purpose and intent of this part.
Acts 2015, ch. 493, § 1.
Tenn. Code Ann. § 9-4-101 — TN Code / Title 9 / Chapter 4 / Section 9-4-101
Collateral
Status: in_force

"Collateral" means eligible collateral pledged by a state depository. Acts 1985, ch. 118, § 13.
"Collateral" means eligible collateral pledged by a state depository.
Acts 1985, ch. 118, § 13.
Tenn. Code Ann. § 9-3-101 — TN Code / Title 9 / Chapter 3 / Section 9-3-101
Serial bonds authorized
Status: in_force

A municipal or public corporation organized under the laws of the state of Tennessee, including, but not limited to, counties, municipalities, metropolitan governments, utility districts, and industrial development boards or corporations, may, by resolution duly adopted by its governing body, authorize the issuance, in lieu of serial bonds, of fully registered bonds, without coupons, payable in installments corresponding to the maturities of such serial bonds. Such resolution shall provide that at the request of the holder of an installment bond such municipality or public corporation shall have prepared, executed and delivered to the holder, in exchange for such installment bond, serial bonds in an aggregate principal amount equal to the principal amount of such installment bond then unpaid, having maturities corresponding to the maturities of the installments of principal of such installment bond then unpaid, and bearing interest at the same rate or rates as provided in such installment bond. Upon any such exchange, such installment bond shall be cancelled. The reasonable expenses in connection with such exchange shall, at the option of the municipal or public corporation, be paid by the holder or the issuer. Until so exchanged, such installment bonds shall in all respects be entitled to the same benefits as the serial bonds to be issued. Acts 1985, ch. 118, § 9.
A municipal or public corporation organized under the laws of the state of Tennessee, including, but not limited to, counties, municipalities, metropolitan governments, utility districts, and industrial development boards or corporations, may, by resolution duly adopted by its governing body, authorize the issuance, in lieu of serial bonds, of fully registered bonds, without coupons, payable in installments corresponding to the maturities of such serial bonds. Such resolution shall provide that at the request of the holder of an installment bond such municipality or public corporation shall have prepared, executed and delivered to the holder, in exchange for such installment bond, serial bonds in an aggregate principal amount equal to the principal amount of such installment bond then unpaid, having maturities corresponding to the maturities of the installments of principal of such installment bond then unpaid, and bearing interest at the same rate or rates as provided in such installment bond. Upon any such exchange, such installment bond shall be cancelled. The reasonable expenses in connection with such exchange shall, at the option of the municipal or public corporation, be paid by the holder or the issuer. Until so exchanged, such installment bonds shall in all respects be entitled to the same benefits as the serial bonds to be issued.
Acts 1985, ch. 118, § 9.
Tenn. Code Ann. § 9-4-904 — TN Code / Title 9 / Chapter 4 / Section 9-4-904
Investments - Administration of fund
Status: in_force

Moneys in the fund shall be invested by the state treasurer for the benefit of the fund pursuant to § 9-4-603 . The fund shall be administered by the commissioner of general services in accordance with policy established by the state building commission. Amended by 2013 Tenn. Acts, ch. 454,s 38, eff. 5/16/2013. Acts 1993, ch. 332, § 1.
Moneys in the fund shall be invested by the state treasurer for the benefit of the fund pursuant to § 9-4-603 . The fund shall be administered by the commissioner of general services in accordance with policy established by the state building commission.
Amended by 2013 Tenn. Acts, ch. 454,s 38, eff. 5/16/2013.
Acts 1993, ch. 332, § 1.
Tenn. Code Ann. § 9-2-108 — TN Code / Title 9 / Chapter 2 / Section 9-2-108
Reports of clerks and judges
Status: in_force

The clerks of all the courts and every judge of the court of general sessions shall make a report, in writing, under oath, to the county mayor, giving the names of each person, in alphabetical order, from whom such clerk or judge has received state, county, or municipal revenue during the quarter next preceding the day on which the report shall be made, and also giving the amount of state, county, and municipal revenue received from each person, when paid, and on what account paid, stating particularly the nature of the privilege, if a privilege, and separating in such clerk or judge's report the state, county, and municipal revenue received by such clerk or judge. Such reports shall be sworn to before some officer authorized to administer oaths, before their presentation to the county mayor. A judge who has not received any revenue shall not be required to make such report. Acts 1875, ch. 46, §§ 1, 3, 5; Shan., §§1011, 1013, 1016a1; Code 1932, §§ 1739, 1741, 1745; impl. am. Acts 1978, ch. 934, §§ 16, 36; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), §9-208; Acts 2003 , ch. 90, § 2.
The clerks of all the courts and every judge of the court of general sessions shall make a report, in writing, under oath, to the county mayor, giving the names of each person, in alphabetical order, from whom such clerk or judge has received state, county, or municipal revenue during the quarter next preceding the day on which the report shall be made, and also giving the amount of state, county, and municipal revenue received from each person, when paid, and on what account paid, stating particularly the nature of the privilege, if a privilege, and separating in such clerk or judge's report the state, county, and municipal revenue received by such clerk or judge. Such reports shall be sworn to before some officer authorized to administer oaths, before their presentation to the county mayor. A judge who has not received any revenue shall not be required to make such report.
Acts 1875, ch. 46, §§ 1, 3, 5; Shan., §§1011, 1013, 1016a1; Code 1932, §§ 1739, 1741, 1745; impl. am. Acts 1978, ch. 934, §§ 16, 36; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), §9-208; Acts 2003 , ch. 90, § 2.
Tenn. Code Ann. § 9-1-101 — TN Code / Title 9 / Chapter 1 / Section 9-1-101
Fiscal year for state and county government
Status: in_force

(a) The fiscal year of state government shall hereafter commence on July 1 of each year and end on the following June 30. This fiscal year shall be followed in making appropriations and in financial reporting, and shall be uniformly adopted by all departments, institutions, offices and agencies of state government. (b) Unless otherwise allowed by the comptroller of the treasury upon grounds of special hardships, the fiscal year of the counties of the state shall begin on July 1 of each year and shall end on the following June 30. The fiscal year shall constitute the budget year and the year for accounting and reporting of each and every fund, office, department, institution, activity and agency of the county government, but the aforementioned provision shall be in addition to, and not in lieu of, any accounting and reporting now required of any official by general law. Amended by 2017 Tenn. Acts, ch. 271,s 1, eff. 5/4/2017. Acts 1937, ch. 33, § 27; C. Supp. 1950, § 255.27; Acts 1957, ch. 311, § 1; T.C.A. (orig. ed.), § 9-101.
(a) The fiscal year of state government shall hereafter commence on July 1 of each year and end on the following June 30. This fiscal year shall be followed in making appropriations and in financial reporting, and shall be uniformly adopted by all departments, institutions, offices and agencies of state government.
(b) Unless otherwise allowed by the comptroller of the treasury upon grounds of special hardships, the fiscal year of the counties of the state shall begin on July 1 of each year and shall end on the following June 30. The fiscal year shall constitute the budget year and the year for accounting and reporting of each and every fund, office, department, institution, activity and agency of the county government, but the aforementioned provision shall be in addition to, and not in lieu of, any accounting and reporting now required of any official by general law.
Amended by 2017 Tenn. Acts, ch. 271,s 1, eff. 5/4/2017.
Acts 1937, ch. 33, § 27; C. Supp. 1950, § 255.27; Acts 1957, ch. 311, § 1; T.C.A. (orig. ed.), § 9-101.
Tenn. Code Ann. § 9-13-206 — TN Code / Title 9 / Chapter 13 / Section 9-13-206
Issuance of notes
Status: in_force

Notwithstanding any other law to the contrary, the legislative body of any local government is hereby authorized to issue notes which may mature beyond the close of the fiscal year in which such notes are issued, when such notes either: (1) Are approved by the comptroller of the treasury or the comptroller's designee and guaranteed by the state funding board; or (2) Approved by the comptroller of the treasury or the comptroller's designee in the case of economic distress due to natural disaster certified by the federal emergency management agency (FEMA). Acts 1984, ch. 996, § 7; 1995, ch. 63, § 1; 2010, ch. 868, § 37; 2010, ch. 1117, § 3.
Notwithstanding any other law to the contrary, the legislative body of any local government is hereby authorized to issue notes which may mature beyond the close of the fiscal year in which such notes are issued, when such notes either:
(1) Are approved by the comptroller of the treasury or the comptroller's designee and guaranteed by the state funding board; or
(2) Approved by the comptroller of the treasury or the comptroller's designee in the case of economic distress due to natural disaster certified by the federal emergency management agency (FEMA).
Acts 1984, ch. 996, § 7; 1995, ch. 63, § 1; 2010, ch. 868, § 37; 2010, ch. 1117, § 3.
Tenn. Code Ann. § 9-3-202 — TN Code / Title 9 / Chapter 3 / Section 9-3-202
Investigation of delinquent taxes
Status: in_force

In making such audit, the auditors shall also investigate and ascertain what inheritance and succession taxes and privilege and ad valorem taxes are delinquent and unpaid in any of the counties, and to ascertain the correct and proper amount of such inheritance and succession taxes and privilege and ad valorem taxes that have not been paid. Acts 1923, ch. 109, § 2; Shan. Supp., § 948a11; Code 1932, § 1655; mod. C. Supp. 1950, § 1655; T.C.A. (orig. ed.), §§ 9-303, 9-3-102; Acts 1985, ch. 118, § 8.
In making such audit, the auditors shall also investigate and ascertain what inheritance and succession taxes and privilege and ad valorem taxes are delinquent and unpaid in any of the counties, and to ascertain the correct and proper amount of such inheritance and succession taxes and privilege and ad valorem taxes that have not been paid.
Acts 1923, ch. 109, § 2; Shan. Supp., § 948a11; Code 1932, § 1655; mod. C. Supp. 1950, § 1655; T.C.A. (orig. ed.), §§ 9-303, 9-3-102; Acts 1985, ch. 118, § 8.
Tenn. Code Ann. § 9-19-104 — TN Code / Title 9 / Chapter 19 / Section 9-19-104
Registration agents - Paying agents
Status: in_force

Any issuer of fully registered public obligations is authorized to appoint a registration agent or agents and paying agent or agents with respect to the issuance, exchange and transfer of such public obligations or to maintain records so that public obligations in book-entry form may be effected, with such duties as shall be determined by the issuer. Any such registration agent may be a bank, trust company, financial institution or other financial intermediary within or without this state, including the federal government or any of its agencies or instrumentalities. The state funding board is authorized to adopt such guidelines as it deems necessary relative to the qualifications that such bank, trust company, financial institution, or other financial intermediary must meet to qualify as a registration agent or paying agent for any fully registered public obligations to be issued by any issuer in Tennessee. Any issuer may act as its own registration agent and paying agent in accordance with such terms and conditions as may be established by the state funding board. Any issuer, including the state of Tennessee, may, upon approval by the state funding board, appoint the state of Tennessee, acting by and through the comptroller of the treasury, as registration agent and the state of Tennessee, acting by and through the state treasurer, as paying agent. Acts 1983, ch. 100, § 4.
Any issuer of fully registered public obligations is authorized to appoint a registration agent or agents and paying agent or agents with respect to the issuance, exchange and transfer of such public obligations or to maintain records so that public obligations in book-entry form may be effected, with such duties as shall be determined by the issuer. Any such registration agent may be a bank, trust company, financial institution or other financial intermediary within or without this state, including the federal government or any of its agencies or instrumentalities. The state funding board is authorized to adopt such guidelines as it deems necessary relative to the qualifications that such bank, trust company, financial institution, or other financial intermediary must meet to qualify as a registration agent or paying agent for any fully registered public obligations to be issued by any issuer in Tennessee. Any issuer may act as its own registration agent and paying agent in accordance with such terms and conditions as may be established by the state funding board. Any issuer, including the state of Tennessee, may, upon approval by the state funding board, appoint the state of Tennessee, acting by and through the comptroller of the treasury, as registration agent and the state of Tennessee, acting by and through the state treasurer, as paying agent.
Acts 1983, ch. 100, § 4.
Tenn. Code Ann. § 9-21-123 — TN Code / Title 9 / Chapter 21 / Section 9-21-123
Authorization to destroy bonds, notes and coupons
Status: in_force

(a) Subject to subsection (b), any local government may, by resolution duly adopted by its governing body, authorize and direct the paying agent for its bonds, notes and coupons, or other person in possession of its bonds, notes and coupons, to destroy all bonds, notes and coupons duly paid and cancelled. (b) Such bonds, notes and coupons duly paid and cancelled during any fiscal year may be destroyed only after the fiscal audit of the local government covering the fiscal year has been completed and the appropriate local government official shall have properly posted all bonds, notes and coupons duly paid and cancelled to the local government bond, note and coupon records on a current basis. If the audit reflects that all bonds, notes and coupons duly paid and cancelled have been properly accounted for, then the paying agents or other persons who have the local government's bonds, notes and coupons in their possession shall, at the direction of the local government, destroy the same and furnish a certified list of bonds, notes and coupons duly paid and cancelled by issue showing the bond, note and coupon number, the amount of each, the date paid and such additional information as the governing body may require. The governing body shall cause the certified list of bonds, notes and coupons duly paid and cancelled to be recorded in the official minutes of the governing body. Acts 1986, ch. 770, § 1-23.
(a) Subject to subsection (b), any local government may, by resolution duly adopted by its governing body, authorize and direct the paying agent for its bonds, notes and coupons, or other person in possession of its bonds, notes and coupons, to destroy all bonds, notes and coupons duly paid and cancelled.
(b) Such bonds, notes and coupons duly paid and cancelled during any fiscal year may be destroyed only after the fiscal audit of the local government covering the fiscal year has been completed and the appropriate local government official shall have properly posted all bonds, notes and coupons duly paid and cancelled to the local government bond, note and coupon records on a current basis. If the audit reflects that all bonds, notes and coupons duly paid and cancelled have been properly accounted for, then the paying agents or other persons who have the local government's bonds, notes and coupons in their possession shall, at the direction of the local government, destroy the same and furnish a certified list of bonds, notes and coupons duly paid and cancelled by issue showing the bond, note and coupon number, the amount of each, the date paid and such additional information as the governing body may require. The governing body shall cause the certified list of bonds, notes and coupons duly paid and cancelled to be recorded in the official minutes of the governing body.
Acts 1986, ch. 770, § 1-23.
Tenn. Code Ann. § 9-21-103 — TN Code / Title 9 / Chapter 21 / Section 9-21-103
No indebtedness limit
Status: in_force

Bonds or notes may be issued under this chapter, notwithstanding and without regard to any limit on indebtedness provided by law. Acts 1986, ch. 770, § 1-3.
Bonds or notes may be issued under this chapter, notwithstanding and without regard to any limit on indebtedness provided by law.
Acts 1986, ch. 770, § 1-3.
Tenn. Code Ann. § 9-4-701 — TN Code / Title 9 / Chapter 4 / Section 9-4-701
Purpose and findings
Status: in_force

The purpose of this part is to enable local governments in this state to participate in a pooled investment fund for the investment of idle public funds. For purposes of this part, the local governments that can participate in the fund are those entities listed in § 9-1-107(b) . The general assembly finds and declares that the public interest is satisfied through a pooled investment fund for idle public funds, thereby reducing the need for imposing additional taxes. Each local government participating in the pooled investment fund is deemed a participant. Amended by 2022 Tenn. Acts, ch. 824, s 1, eff. 4/14/2022. Acts 1985, ch. 118, § 48.
The purpose of this part is to enable local governments in this state to participate in a pooled investment fund for the investment of idle public funds. For purposes of this part, the local governments that can participate in the fund are those entities listed in § 9-1-107(b) . The general assembly finds and declares that the public interest is satisfied through a pooled investment fund for idle public funds, thereby reducing the need for imposing additional taxes. Each local government participating in the pooled investment fund is deemed a participant.
Amended by 2022 Tenn. Acts, ch. 824, s 1, eff. 4/14/2022.
Acts 1985, ch. 118, § 48.
Tenn. Code Ann. § 9-4-810 — TN Code / Title 9 / Chapter 4 / Section 9-4-810
[Repealed]
Status: repealed

Repealed by 2017 Tenn. Acts, ch. 65, s 3, eff. 3/31/2017. Acts 1985, ch. 118, § 62.
Repealed by 2017 Tenn. Acts, ch. 65, s 3, eff. 3/31/2017.
Acts 1985, ch. 118, § 62.
Tenn. Code Ann. § 9-13-205 — TN Code / Title 9 / Chapter 13 / Section 9-13-205
Security for loans - Pledges - Disposition of proceeds - Withholding of state-shared taxes
Status: in_force

The state funding board shall establish the terms and conditions of loan guarantees to local governments and may require such guarantees or security as it deems necessary to adequately secure the loans. The local government shall pledge the full faith and credit of the local government as security for any loan or loan guarantee. The local government shall also agree to pledge a sufficient amount of state-shared taxes to make principal and interest payments on the loan guaranteed by the state. The commissioner of finance and administration is authorized to withhold such sum or part of such sum from any state-shared taxes which are otherwise apportioned to the local government. Acts 1984, ch. 996, § 6; 1992, ch. 526, § 7; 1995, ch. 63, § 1.
The state funding board shall establish the terms and conditions of loan guarantees to local governments and may require such guarantees or security as it deems necessary to adequately secure the loans. The local government shall pledge the full faith and credit of the local government as security for any loan or loan guarantee. The local government shall also agree to pledge a sufficient amount of state-shared taxes to make principal and interest payments on the loan guaranteed by the state. The commissioner of finance and administration is authorized to withhold such sum or part of such sum from any state-shared taxes which are otherwise apportioned to the local government.
Acts 1984, ch. 996, § 6; 1992, ch. 526, § 7; 1995, ch. 63, § 1.
Tenn. Code Ann. § 9-23-104 — TN Code / Title 9 / Chapter 23 / Section 9-23-104
Time limitations on allocations
Status: in_force

Notwithstanding any tax increment statute or any plan to the contrary, no allocation of tax increment revenues shall be made with respect to any property for a period of more than twenty (20) years in the case of an economic impact plan, or thirty (30) years in the case of a redevelopment plan or community redevelopment plan as defined in § 9-23-102 , unless both the commissioner and the comptroller have made a written determination that a longer period is in the best interest of the state. If the written determination approving or declining the longer term is not rendered within thirty (30) days, the longer term is deemed approved. Acts 2012, ch. 605, § 2.
Notwithstanding any tax increment statute or any plan to the contrary, no allocation of tax increment revenues shall be made with respect to any property for a period of more than twenty (20) years in the case of an economic impact plan, or thirty (30) years in the case of a redevelopment plan or community redevelopment plan as defined in § 9-23-102 , unless both the commissioner and the comptroller have made a written determination that a longer period is in the best interest of the state. If the written determination approving or declining the longer term is not rendered within thirty (30) days, the longer term is deemed approved.
Acts 2012, ch. 605, § 2.
Tenn. Code Ann. § 9-19-107 — TN Code / Title 9 / Chapter 19 / Section 9-19-107
Notice of redemption
Status: in_force

In the event fully registered public obligations are subject to redemption by the terms thereof, the issuer may redeem one (1) or more of such obligations or portions thereof by giving the notice specified by the official actions authorizing such obligations or, in the event no provision for notice is therein specified, by mailing or directing the registration agent to mail, postage prepaid, not less than twenty-one (21) days prior to the date fixed for redemption, to the registered owners of such obligations which are to be redeemed at their last address appearing upon the registration books, a notice that the issuer is calling for redemption prior to maturity of such obligations in accordance with the terms thereof. Such notice shall specify the number, issue, date, date fixed for redemption, the date interest will cease to accrue, the redemption price and such further information with respect to such obligations as may be required by the terms thereof. Such notice may be waived by the registered owner of the public obligation subject to redemption. Acts 1983, ch. 100, § 7.
In the event fully registered public obligations are subject to redemption by the terms thereof, the issuer may redeem one (1) or more of such obligations or portions thereof by giving the notice specified by the official actions authorizing such obligations or, in the event no provision for notice is therein specified, by mailing or directing the registration agent to mail, postage prepaid, not less than twenty-one (21) days prior to the date fixed for redemption, to the registered owners of such obligations which are to be redeemed at their last address appearing upon the registration books, a notice that the issuer is calling for redemption prior to maturity of such obligations in accordance with the terms thereof. Such notice shall specify the number, issue, date, date fixed for redemption, the date interest will cease to accrue, the redemption price and such further information with respect to such obligations as may be required by the terms thereof. Such notice may be waived by the registered owner of the public obligation subject to redemption.
Acts 1983, ch. 100, § 7.
Tenn. Code Ann. § 9-2-118 — TN Code / Title 9 / Chapter 2 / Section 9-2-118
Satisfaction of judgment
Status: in_force

The clerk or judge may discharge such judgment by producing to the trustee the warrant of the county mayor, to pay the amount found by the trustee due to the county on settlement of the account of such clerk or judge, and paying the amount to the trustee, who shall receive the same in discharge of the judgment, leaving such clerk or judge and the sureties of such clerk or judge liable for the costs of the suit. Code 1858, § 514 (deriv. Acts 1839-1840, ch. 85, § 1); Shan., §1024; mod. Code 1932, § 1753; impl. am. Acts 1978, ch. 934, §§ 16, 36; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), §9-218; Acts 2003 , ch. 90, § 2.
The clerk or judge may discharge such judgment by producing to the trustee the warrant of the county mayor, to pay the amount found by the trustee due to the county on settlement of the account of such clerk or judge, and paying the amount to the trustee, who shall receive the same in discharge of the judgment, leaving such clerk or judge and the sureties of such clerk or judge liable for the costs of the suit.
Code 1858, § 514 (deriv. Acts 1839-1840, ch. 85, § 1); Shan., §1024; mod. Code 1932, § 1753; impl. am. Acts 1978, ch. 934, §§ 16, 36; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), §9-218; Acts 2003 , ch. 90, § 2.
Tenn. Code Ann. § 9-13-104 — TN Code / Title 9 / Chapter 13 / Section 9-13-104
Determination of necessity for loan
Status: in_force

The state board of equalization shall consider the loan application and conduct such investigation of the fiscal condition of the applicant county or municipality as it may deem proper to determine the necessity for such financial assistance. To this end, the board is empowered to avail itself of the services of the comptroller of the treasury and the comptroller of the treasury's office. The board shall have the right to obtain any information pertinent to the subject matter from any department of the state government and any office or department or agency of the government of the applicant city or county. It shall specifically have the power to subpoena and require the testimony under oath of any officer or employee of the applicant, and to compel the production of any paper or record in the possession or custody of any such officer or employee. Acts 1966 (2nd Ex. Sess.), ch. 3, § 4; T.C.A., § 9-1304; Acts 1995, ch. 305, § 96.
The state board of equalization shall consider the loan application and conduct such investigation of the fiscal condition of the applicant county or municipality as it may deem proper to determine the necessity for such financial assistance. To this end, the board is empowered to avail itself of the services of the comptroller of the treasury and the comptroller of the treasury's office. The board shall have the right to obtain any information pertinent to the subject matter from any department of the state government and any office or department or agency of the government of the applicant city or county. It shall specifically have the power to subpoena and require the testimony under oath of any officer or employee of the applicant, and to compel the production of any paper or record in the possession or custody of any such officer or employee.
Acts 1966 (2nd Ex. Sess.), ch. 3, § 4; T.C.A., § 9-1304; Acts 1995, ch. 305, § 96.
Tenn. Code Ann. § 9-4-1201 — TN Code / Title 9 / Chapter 4 / Section 9-4-1201
Part definitions
Status: in_force

As used in this part, unless the context otherwise requires: (1) "Legacy pension plan" means the Tennessee consolidated retirement system that is established in title 8, chapters 34-37, excluding the Hybrid Retirement Plan for State Employees and Teachers, compiled in title 8, chapter 36, part 9; (2) "Teacher" has the meaning set forth in § 8-34-101(49)(B) , but does not include any person employed by a public institution of higher education; and (3) "Trustees" means the five (5) trustees designated in § 9-4-1002 . Added by 2017 Tenn. Acts, ch. 374,s 8, eff. 5/11/2017.
As used in this part, unless the context otherwise requires:
(1) "Legacy pension plan" means the Tennessee consolidated retirement system that is established in title 8, chapters 34-37, excluding the Hybrid Retirement Plan for State Employees and Teachers, compiled in title 8, chapter 36, part 9;
(2) "Teacher" has the meaning set forth in § 8-34-101(49)(B) , but does not include any person employed by a public institution of higher education; and
(3) "Trustees" means the five (5) trustees designated in § 9-4-1002 .
Added by 2017 Tenn. Acts, ch. 374,s 8, eff. 5/11/2017.
Tenn. Code Ann. § 9-18-103 — TN Code / Title 9 / Chapter 18 / Section 9-18-103
Guidelines for assessment of compliance
Status: in_force

The commissioner of finance and administration, in consultation with the comptroller of the treasury, shall establish guidelines for the assessment, by management of state agencies and higher education institutions, of the risks and systems of internal control to determine compliance with the requirements of § 9-18-102 . The commissioner, in consultation with the comptroller of the treasury, may modify the guidelines from time to time as deemed necessary. Acts 1983, ch. 129, § 1; 1998, ch. 664, §3; 2008 , ch. 750, § 2.
The commissioner of finance and administration, in consultation with the comptroller of the treasury, shall establish guidelines for the assessment, by management of state agencies and higher education institutions, of the risks and systems of internal control to determine compliance with the requirements of § 9-18-102 . The commissioner, in consultation with the comptroller of the treasury, may modify the guidelines from time to time as deemed necessary.
Acts 1983, ch. 129, § 1; 1998, ch. 664, §3; 2008 , ch. 750, § 2.
Tenn. Code Ann. § 9-21-905 — TN Code / Title 9 / Chapter 21 / Section 9-21-905
Initial resolution and election requirements - When required
Status: in_force

If the general obligation refunding bonds shall be payable from ad valorem taxes without limitation of rate or amount and the outstanding obligations to be refunded are secured solely by the revenues of a public works project, then an initial resolution authorizing general obligation refunding bonds shall be adopted in conformance with § 9-21-205 and shall conform to § 9-21-206 requiring publication of the resolution and the notice therein required. Sections 9-21-207 and 9-21-209 - 9-21-212, governing election requirements and procedures, and § 9-21-215 , governing the adoption of a tax resolution by the governing body of the local government, shall also apply. If the refunding bonds will be secured in the same manner as the bonds being refunded, an initial resolution need not be adopted. Acts 1986, ch. 770, § 9-5; 1987, ch. 77, § 14.
If the general obligation refunding bonds shall be payable from ad valorem taxes without limitation of rate or amount and the outstanding obligations to be refunded are secured solely by the revenues of a public works project, then an initial resolution authorizing general obligation refunding bonds shall be adopted in conformance with § 9-21-205 and shall conform to § 9-21-206 requiring publication of the resolution and the notice therein required. Sections 9-21-207 and 9-21-209 - 9-21-212, governing election requirements and procedures, and § 9-21-215 , governing the adoption of a tax resolution by the governing body of the local government, shall also apply. If the refunding bonds will be secured in the same manner as the bonds being refunded, an initial resolution need not be adopted.
Acts 1986, ch. 770, § 9-5; 1987, ch. 77, § 14.
Tenn. Code Ann. § 9-20-102 — TN Code / Title 9 / Chapter 20 / Section 9-20-102
Legislative purpose - Reassignment of allocations
Status: in_force

(a) The purpose of this chapter is to provide a procedure for allocating the state's private activity bond authority among governmental units in the state having the authority to issue bonds under the Tax Reform Act of 1986. (b) Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds on behalf of governmental units. Acts 1985, ch. 237, § 2; 1987, ch. 57, §§ 2-5.
(a) The purpose of this chapter is to provide a procedure for allocating the state's private activity bond authority among governmental units in the state having the authority to issue bonds under the Tax Reform Act of 1986.
(b) Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds on behalf of governmental units.
Acts 1985, ch. 237, § 2; 1987, ch. 57, §§ 2-5.
Tenn. Code Ann. § 9-24-104 — TN Code / Title 9 / Chapter 24 / Section 9-24-104
Terms applicable to lease financings
Status: in_force

(a) Public entities shall comply with the following requirements in connection with approving and entering into any lease financing that is not an exempt lease financing: (1) Prior to entering into a lease financing, a public entity shall obtain the approval of the comptroller of the treasury or the comptroller's designee pursuant to subsection (b), which approval must be submitted to the governing body of the public entity for consideration in connection with any authorization of such a lease financing; (2) The weighted average maturity of the principal payments under the lease financing must not exceed the estimated weighted average life of the property that is financed through the lease financing; (3) The public entity shall not enter into a lease financing with respect to property unless the public entity is authorized by applicable law to incur indebtedness to finance such property, and the term of any lease financing must not exceed the maximum term of debt that could be issued by the public entity to finance the property being leased; (4) If the indebtedness of the public entity is only payable pursuant to applicable law from all or any portion of the revenues of the public entity, the payments by the public entity under the lease financing must only be payable from such revenues; and (5) If the lease payments under the lease financing are payable from or secured by ad valorem taxes of the public entity and the term of the lease financing exceeds the maximum term of a capital outlay note that may be issued by the public entity under chapter 21, part 6 of this title, the public entity shall not enter into the lease financing without adopting and publishing an initial resolution with respect to the lease financing in the manner described in chapter 21, part 2 of this title, if an initial resolution is required with respect to the type of property being financed, and, if required by the terms of such part, undertaking an election with respect to the lease financing in the manner required by that part. (b) (1) When requesting approval of the comptroller, the public entity shall submit a plan of lease financing to the comptroller of the treasury or the comptroller's designee. The comptroller of the treasury or the comptroller's designee may request any additional information as may be required to properly review the proposed plan of lease financing. The comptroller of the treasury or the comptroller's designee shall evaluate each plan of lease financing based on the plan's particular circumstances and shall approve the plan only if a determination is made that the repayment terms are in the public's interest. (2) The comptroller of the treasury or the comptroller's designee shall report the comptroller's approval or disapproval of the plan of lease financing to the governing body within fifteen (15) business days after receipt of the plan and all requested supplemental documentation. (3) The governing body may take action on the proposed plan of lease financing: (A) After receiving the approval of the comptroller of the treasury or the comptroller's designee of the plan of lease financing; or (B) After the expiration of fifteen (15) business days from the date the plan of lease financing is received by the comptroller of the treasury or the comptroller's designee and no disapproval having been reported by the comptroller of the treasury or the comptroller's designee, whichever date is earlier, the governing body may take such action with reference to the proposed plan of lease financing as it deems advisable in accordance with this part. (4) The state funding board is authorized to establish guidelines, rules, or regulations with respect to the comptroller of the treasury's approval of lease financing. (c) A non-appropriation clause in the documents evidencing the lease financing is not required for the lease financing to be a valid obligation of the public entity. Added by 2021 Tenn. Acts, ch. 196, s 1, eff. 4/22/2021.
(a) Public entities shall comply with the following requirements in connection with approving and entering into any lease financing that is not an exempt lease financing: (1) Prior to entering into a lease financing, a public entity shall obtain the approval of the comptroller of the treasury or the comptroller's designee pursuant to subsection (b), which approval must be submitted to the governing body of the public entity for consideration in connection with any authorization of such a lease financing; (2) The weighted average maturity of the principal payments under the lease financing must not exceed the estimated weighted average life of the property that is financed through the lease financing; (3) The public entity shall not enter into a lease financing with respect to property unless the public entity is authorized by applicable law to incur indebtedness to finance such property, and the term of any lease financing must not exceed the maximum term of debt that could be issued by the public entity to finance the property being leased; (4) If the indebtedness of the public entity is only payable pursuant to applicable law from all or any portion of the revenues of the public entity, the payments by the public entity under the lease financing must only be payable from such revenues; and (5) If the lease payments under the lease financing are payable from or secured by ad valorem taxes of the public entity and the term of the lease financing exceeds the maximum term of a capital outlay note that may be issued by the public entity under chapter 21, part 6 of this title, the public entity shall not enter into the lease financing without adopting and publishing an initial resolution with respect to the lease financing in the manner described in chapter 21, part 2 of this title, if an initial resolution is required with respect to the type of property being financed, and, if required by the terms of such part, undertaking an election with respect to the lease financing in the manner required by that part.
(1) Prior to entering into a lease financing, a public entity shall obtain the approval of the comptroller of the treasury or the comptroller's designee pursuant to subsection (b), which approval must be submitted to the governing body of the public entity for consideration in connection with any authorization of such a lease financing;
(2) The weighted average maturity of the principal payments under the lease financing must not exceed the estimated weighted average life of the property that is financed through the lease financing;
(3) The public entity shall not enter into a lease financing with respect to property unless the public entity is authorized by applicable law to incur indebtedness to finance such property, and the term of any lease financing must not exceed the maximum term of debt that could be issued by the public entity to finance the property being leased;
(4) If the indebtedness of the public entity is only payable pursuant to applicable law from all or any portion of the revenues of the public entity, the payments by the public entity under the lease financing must only be payable from such revenues; and
(5) If the lease payments under the lease financing are payable from or secured by ad valorem taxes of the public entity and the term of the lease financing exceeds the maximum term of a capital outlay note that may be issued by the public entity under chapter 21, part 6 of this title, the public entity shall not enter into the lease financing without adopting and publishing an initial resolution with respect to the lease financing in the manner described in chapter 21, part 2 of this title, if an initial resolution is required with respect to the type of property being financed, and, if required by the terms of such part, undertaking an election with respect to the lease financing in the manner required by that part.
(b) (1) When requesting approval of the comptroller, the public entity shall submit a plan of lease financing to the comptroller of the treasury or the comptroller's designee. The comptroller of the treasury or the comptroller's designee may request any additional information as may be required to properly review the proposed plan of lease financing. The comptroller of the treasury or the comptroller's designee shall evaluate each plan of lease financing based on the plan's particular circumstances and shall approve the plan only if a determination is made that the repayment terms are in the public's interest. (2) The comptroller of the treasury or the comptroller's designee shall report the comptroller's approval or disapproval of the plan of lease financing to the governing body within fifteen (15) business days after receipt of the plan and all requested supplemental documentation. (3) The governing body may take action on the proposed plan of lease financing: (A) After receiving the approval of the comptroller of the treasury or the comptroller's designee of the plan of lease financing; or (B) After the expiration of fifteen (15) business days from the date the plan of lease financing is received by the comptroller of the treasury or the comptroller's designee and no disapproval having been reported by the comptroller of the treasury or the comptroller's designee, whichever date is earlier, the governing body may take such action with reference to the proposed plan of lease financing as it deems advisable in accordance with this part. (4) The state funding board is authorized to establish guidelines, rules, or regulations with respect to the comptroller of the treasury's approval of lease financing.
(1) When requesting approval of the comptroller, the public entity shall submit a plan of lease financing to the comptroller of the treasury or the comptroller's designee. The comptroller of the treasury or the comptroller's designee may request any additional information as may be required to properly review the proposed plan of lease financing. The comptroller of the treasury or the comptroller's designee shall evaluate each plan of lease financing based on the plan's particular circumstances and shall approve the plan only if a determination is made that the repayment terms are in the public's interest.
(2) The comptroller of the treasury or the comptroller's designee shall report the comptroller's approval or disapproval of the plan of lease financing to the governing body within fifteen (15) business days after receipt of the plan and all requested supplemental documentation.
(3) The governing body may take action on the proposed plan of lease financing: (A) After receiving the approval of the comptroller of the treasury or the comptroller's designee of the plan of lease financing; or (B) After the expiration of fifteen (15) business days from the date the plan of lease financing is received by the comptroller of the treasury or the comptroller's designee and no disapproval having been reported by the comptroller of the treasury or the comptroller's designee, whichever date is earlier, the governing body may take such action with reference to the proposed plan of lease financing as it deems advisable in accordance with this part.
(A) After receiving the approval of the comptroller of the treasury or the comptroller's designee of the plan of lease financing; or
(B) After the expiration of fifteen (15) business days from the date the plan of lease financing is received by the comptroller of the treasury or the comptroller's designee and no disapproval having been reported by the comptroller of the treasury or the comptroller's designee, whichever date is earlier, the governing body may take such action with reference to the proposed plan of lease financing as it deems advisable in accordance with this part.
(4) The state funding board is authorized to establish guidelines, rules, or regulations with respect to the comptroller of the treasury's approval of lease financing.
(c) A non-appropriation clause in the documents evidencing the lease financing is not required for the lease financing to be a valid obligation of the public entity.
Added by 2021 Tenn. Acts, ch. 196, s 1, eff. 4/22/2021.
Tenn. Code Ann. § 9-9-405 — TN Code / Title 9 / Chapter 9 / Section 9-9-405
Redemption of citizens bonds
Status: in_force

Whenever the state treasurer is authorized pursuant to § 9-9-401 to sell citizens bonds, the state treasurer is also specifically authorized to redeem those citizens bonds, whenever under the terms of the bond sale they are lawfully presented to the state treasurer, from funds available to the state treasurer and be reimbursed for such redemptions from available funds in the state's debt service fund. Acts 1980, ch. 480, § 5; 2003, ch. 10, § 2.
Whenever the state treasurer is authorized pursuant to § 9-9-401 to sell citizens bonds, the state treasurer is also specifically authorized to redeem those citizens bonds, whenever under the terms of the bond sale they are lawfully presented to the state treasurer, from funds available to the state treasurer and be reimbursed for such redemptions from available funds in the state's debt service fund.
Acts 1980, ch. 480, § 5; 2003, ch. 10, § 2.
Tenn. Code Ann. § 9-13-210 — TN Code / Title 9 / Chapter 13 / Section 9-13-210
Reports to legislative committees
Status: in_force

The comptroller of the treasury shall report to the state funding board at the next meeting of the state funding board following any approval of note issuance pursuant to § 9-13-206 . The state funding board shall report to the finance, ways and means committees of the senate and the house of representatives whenever a loan guarantee is requested, and shall keep the committees advised whenever any subsequent action is taken. Acts 1984, ch. 996, § 11; 1995, ch. 63, § 1; 2010, ch. 1117, § 4.
The comptroller of the treasury shall report to the state funding board at the next meeting of the state funding board following any approval of note issuance pursuant to § 9-13-206 . The state funding board shall report to the finance, ways and means committees of the senate and the house of representatives whenever a loan guarantee is requested, and shall keep the committees advised whenever any subsequent action is taken.
Acts 1984, ch. 996, § 11; 1995, ch. 63, § 1; 2010, ch. 1117, § 4.
Tenn. Code Ann. § 9-4-5108 — TN Code / Title 9 / Chapter 4 / Section 9-4-5108
Form of appropriation bill - Capital projects - General legislation - Contents of title
Status: in_force

(a) (1) The general appropriations bill, provided for in § 9-4-5106 , shall be drawn in such form as to authorize only lump sum appropriations to meet the expenditure needs of the various spending agencies of the state government for the next fiscal year. (2) For the expenses of operation and maintenance in each department, division, institution, office, or other agency, there shall be not more than two (2) appropriations, one (1) for personal services and one (1) for other expenses, which shall be allotted before becoming available for expenditure as provided in §§ 9-4-5109 - 9-4-5113. (b) Appropriations for capital improvement and capital maintenance projects shall be specified by state agency in lump sums consistent with capital improvement and maintenance projects detailed in the budget document. (c) The appropriation bill shall not contain any provisions of general legislation. (d) The title of any bill making appropriations from the treasury shall include the phrase, "This act makes appropriations for (here insert the object)." The title shall also state whether the act shall be for a limited period of time or for an indefinite period. If it is for a limited period of time, the title shall state that time period. (e) Notwithstanding any other law to the contrary, the appropriations bill may specify incentives or disincentives relative to performance-based budgeting. Acts 1937, ch. 33, § 21; C. Supp. 1950, § 255.21; Acts 1969, ch. 12, §§ 11, 12; 1977, ch. 393, § 1; T.C.A. (orig. ed.), § 9-606; T.C.A. § 9-6-108; Acts 2002, ch. 875, § 5; 2012, ch. 1026, § 7.
(a) (1) The general appropriations bill, provided for in § 9-4-5106 , shall be drawn in such form as to authorize only lump sum appropriations to meet the expenditure needs of the various spending agencies of the state government for the next fiscal year. (2) For the expenses of operation and maintenance in each department, division, institution, office, or other agency, there shall be not more than two (2) appropriations, one (1) for personal services and one (1) for other expenses, which shall be allotted before becoming available for expenditure as provided in §§ 9-4-5109 - 9-4-5113.
(1) The general appropriations bill, provided for in § 9-4-5106 , shall be drawn in such form as to authorize only lump sum appropriations to meet the expenditure needs of the various spending agencies of the state government for the next fiscal year.
(2) For the expenses of operation and maintenance in each department, division, institution, office, or other agency, there shall be not more than two (2) appropriations, one (1) for personal services and one (1) for other expenses, which shall be allotted before becoming available for expenditure as provided in §§ 9-4-5109 - 9-4-5113.
(b) Appropriations for capital improvement and capital maintenance projects shall be specified by state agency in lump sums consistent with capital improvement and maintenance projects detailed in the budget document.
(c) The appropriation bill shall not contain any provisions of general legislation.
(d) The title of any bill making appropriations from the treasury shall include the phrase, "This act makes appropriations for (here insert the object)." The title shall also state whether the act shall be for a limited period of time or for an indefinite period. If it is for a limited period of time, the title shall state that time period.
(e) Notwithstanding any other law to the contrary, the appropriations bill may specify incentives or disincentives relative to performance-based budgeting.
Acts 1937, ch. 33, § 21; C. Supp. 1950, § 255.21; Acts 1969, ch. 12, §§ 11, 12; 1977, ch. 393, § 1; T.C.A. (orig. ed.), § 9-606; T.C.A. § 9-6-108; Acts 2002, ch. 875, § 5; 2012, ch. 1026, § 7.
Tenn. Code Ann. § 9-4-606 — TN Code / Title 9 / Chapter 4 / Section 9-4-606
Appropriation release requirements
Status: in_force

(a) The commissioner of finance and administration is authorized to require the preparation and submission of work programs, financial reports and any other fiscal information the commissioner deems necessary before releasing any appropriations or grant to any agency, association, district, center, or other organization that is not under the direct control of an executive department or agency of state government. (b) The comptroller of the treasury is authorized and empowered to audit the fiscal records of any such agency, association, district, center or other such organization receiving state appropriations or grants. Acts 1985, ch. 118, § 46.
(a) The commissioner of finance and administration is authorized to require the preparation and submission of work programs, financial reports and any other fiscal information the commissioner deems necessary before releasing any appropriations or grant to any agency, association, district, center, or other organization that is not under the direct control of an executive department or agency of state government.
(b) The comptroller of the treasury is authorized and empowered to audit the fiscal records of any such agency, association, district, center or other such organization receiving state appropriations or grants.
Acts 1985, ch. 118, § 46.
Tenn. Code Ann. § 9-4-106 — TN Code / Title 9 / Chapter 4 / Section 9-4-106
State deposit
Status: in_force

"State deposit" means all state funds which are placed in a state depository, plus interest accrued thereon. Acts 1985, ch. 118, § 18.
"State deposit" means all state funds which are placed in a state depository, plus interest accrued thereon.
Acts 1985, ch. 118, § 18.
Tenn. Code Ann. § 9-2-124 — TN Code / Title 9 / Chapter 2 / Section 9-2-124
Judgment against sheriff
Status: in_force

If it is made satisfactorily to appear to the court that the execution was placed in the hands of the sheriff, against whom the motion is made, and that such sheriff has failed to return the same, the court shall render judgment against the sheriff and the sureties of such sheriff for the amount due the state, or county, or common school fund, or other persons, for costs and the costs of the motion. Code 1858, § 717 (deriv. Acts 1833, ch. 43, § 1); Shan., § 1030; Code 1932, § 1759; T.C.A. (orig. ed.), § 9-224.
If it is made satisfactorily to appear to the court that the execution was placed in the hands of the sheriff, against whom the motion is made, and that such sheriff has failed to return the same, the court shall render judgment against the sheriff and the sureties of such sheriff for the amount due the state, or county, or common school fund, or other persons, for costs and the costs of the motion.
Code 1858, § 717 (deriv. Acts 1833, ch. 43, § 1); Shan., § 1030; Code 1932, § 1759; T.C.A. (orig. ed.), § 9-224.
Tenn. Code Ann. § 9-11-105 — TN Code / Title 9 / Chapter 11 / Section 9-11-105
Publication of bond order
Status: in_force

A bond order shall be published once in each of two (2) consecutive weeks after its final passage. Such publication shall be made in a newspaper published in the unit. If there is no such newspaper, the bond order shall be posted at the door of the building in which the governing body usually holds its meetings and at three (3) other public places in the unit. A notice in substantially the following form (the blanks being first properly completed), with the printed or written signature of the clerk appended thereto, shall be published with the bond order: "The foregoing order (ordinance) was passed on the ____________________ day of ______________, 20 ____________________, and was first published (posted) on the ______________ day of ______________, 20 ____________________. "Any action or proceeding questioning the validity of the order (ordinance) or the indebtedness to be funded (or refunded) or the tax to be levied for the payment of the principal and interest of such bonds, must be commenced within thirty (30) days after its first publication (or posting). ______________Clerk." Acts 1937, ch. 300, § 6; C. Supp. 1950, § 3516.16; T.C.A. (orig. ed.), § 9-1105.
A bond order shall be published once in each of two (2) consecutive weeks after its final passage. Such publication shall be made in a newspaper published in the unit. If there is no such newspaper, the bond order shall be posted at the door of the building in which the governing body usually holds its meetings and at three (3) other public places in the unit. A notice in substantially the following form (the blanks being first properly completed), with the printed or written signature of the clerk appended thereto, shall be published with the bond order:
"The foregoing order (ordinance) was passed on the ____________________ day of ______________, 20 ____________________, and was first published (posted) on the ______________ day of ______________, 20 ____________________.
"Any action or proceeding questioning the validity of the order (ordinance) or the indebtedness to be funded (or refunded) or the tax to be levied for the payment of the principal and interest of such bonds, must be commenced within thirty (30) days after its first publication (or posting).
______________Clerk."
Acts 1937, ch. 300, § 6; C. Supp. 1950, § 3516.16; T.C.A. (orig. ed.), § 9-1105.
Tenn. Code Ann. § 9-21-404 — TN Code / Title 9 / Chapter 21 / Section 9-21-404
Requirement of budget approval - Waiver
Status: in_force

If a budget is either not approved by the comptroller of the treasury or the comptroller's designee or not submitted to the comptroller of the treasury or the comptroller's designee when required under this part within two (2) months of the beginning of the fiscal year, then debt or financing obligations shall not be issued by the public entity until the comptroller of the treasury or the comptroller's designee has approved the budget, or as otherwise provided for in a manner approved by the comptroller of the treasury or the comptroller's designee. In the case of an emergency, the comptroller of the treasury or the comptroller's designee, may waive the requirement of budget approval in order to allow the public entity to enter into emergency financial transactions. Amended by 2021 Tenn. Acts, ch. 256, s 7, eff. 4/28/2021. Acts 1986, ch. 770, § 4-4; 2010 , ch. 868, § 49.
If a budget is either not approved by the comptroller of the treasury or the comptroller's designee or not submitted to the comptroller of the treasury or the comptroller's designee when required under this part within two (2) months of the beginning of the fiscal year, then debt or financing obligations shall not be issued by the public entity until the comptroller of the treasury or the comptroller's designee has approved the budget, or as otherwise provided for in a manner approved by the comptroller of the treasury or the comptroller's designee. In the case of an emergency, the comptroller of the treasury or the comptroller's designee, may waive the requirement of budget approval in order to allow the public entity to enter into emergency financial transactions.
Amended by 2021 Tenn. Acts, ch. 256, s 7, eff. 4/28/2021.
Acts 1986, ch. 770, § 4-4; 2010 , ch. 868, § 49.
Tenn. Code Ann. § 9-21-116 — TN Code / Title 9 / Chapter 21 / Section 9-21-116
Hotel and motel projects subject to tax
Status: in_force

In local governments of this state where a tax is imposed on hotel and motel accommodations, any hotel or motel built as a public works project under this chapter shall be subject to the collection of such a tax. Acts 1986, ch. 770, § 1-16.
In local governments of this state where a tax is imposed on hotel and motel accommodations, any hotel or motel built as a public works project under this chapter shall be subject to the collection of such a tax.
Acts 1986, ch. 770, § 1-16.
Tenn. Code Ann. § 9-4-503 — TN Code / Title 9 / Chapter 4 / Section 9-4-503
Application for participation in collateral pool
Status: in_force

(a) Any public depository which holds public deposits may apply to the board for permission to participate in the collateral pool to secure all public deposits at such public depository. (b) An application submitted pursuant to this part is subject to the approval of the board. The board shall set the number of votes required for the approval of such applications. (c) The board may require such information regarding the financial condition of the public depository as the board deems necessary for determining the suitability of that depository to participate in the collateral pool. Prior to participation in the collateral pool, a qualified public depository shall execute a depository pledge agreement. Acts 1990, ch. 1043, § 1; 1996, ch. 621, §§ 7, 8.
(a) Any public depository which holds public deposits may apply to the board for permission to participate in the collateral pool to secure all public deposits at such public depository.
(b) An application submitted pursuant to this part is subject to the approval of the board. The board shall set the number of votes required for the approval of such applications.
(c) The board may require such information regarding the financial condition of the public depository as the board deems necessary for determining the suitability of that depository to participate in the collateral pool. Prior to participation in the collateral pool, a qualified public depository shall execute a depository pledge agreement.
Acts 1990, ch. 1043, § 1; 1996, ch. 621, §§ 7, 8.
Tenn. Code Ann. § 9-21-607 — TN Code / Title 9 / Chapter 21 / Section 9-21-607
Methods of sale of capital outlay notes
Status: in_force

Capital outlay notes that mature not later than the third fiscal year after the fiscal year in which the notes are issued may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct. Capital outlay notes issued solely for the acquisition of a fee simple absolute interest in land to the seller of such land or such seller's designee and that are issued for a period not to exceed the end of the tenth fiscal year following the fiscal year in which the notes were issued may be sold by private negotiated sale. Capital outlay notes issued for a period greater than the end of the third fiscal year following the fiscal year in which the notes were issued, but not greater than the end of the twelfth fiscal year following the fiscal year in which the notes were issued with a principal amount not in excess of five million dollars ($5,000,000) must be sold at competitive public sale or by the informal bid process described in § 9-21-609 . Capital outlay notes issued for a period greater than the end of the third fiscal year following the fiscal year in which the notes were issued, but not greater than the end of the twelfth fiscal year following the fiscal year in which the notes were issued with a principal amount in excess of five million dollars ($5,000,000) must be sold at competitive public sale. For purposes of this part, a competitive public sale must be undertaken in the same manner as a competitive public sale is undertaken for general obligation bonds under part 2 of this chapter; provided, however, that if the principal amount of capital outlay notes to be sold is not greater than five million dollars ($5,000,000) then the notice of sale may be published solely in a newspaper having general circulation in the local government. Amended by 2021 Tenn. Acts, ch. 128, s 16, eff. 4/13/2021. Acts 1986, ch. 770, § 6-7.
Capital outlay notes that mature not later than the third fiscal year after the fiscal year in which the notes are issued may be sold in such manner either at a competitive public sale or at a private negotiated sale as the governing body of the local government may direct. Capital outlay notes issued solely for the acquisition of a fee simple absolute interest in land to the seller of such land or such seller's designee and that are issued for a period not to exceed the end of the tenth fiscal year following the fiscal year in which the notes were issued may be sold by private negotiated sale. Capital outlay notes issued for a period greater than the end of the third fiscal year following the fiscal year in which the notes were issued, but not greater than the end of the twelfth fiscal year following the fiscal year in which the notes were issued with a principal amount not in excess of five million dollars ($5,000,000) must be sold at competitive public sale or by the informal bid process described in § 9-21-609 . Capital outlay notes issued for a period greater than the end of the third fiscal year following the fiscal year in which the notes were issued, but not greater than the end of the twelfth fiscal year following the fiscal year in which the notes were issued with a principal amount in excess of five million dollars ($5,000,000) must be sold at competitive public sale. For purposes of this part, a competitive public sale must be undertaken in the same manner as a competitive public sale is undertaken for general obligation bonds under part 2 of this chapter; provided, however, that if the principal amount of capital outlay notes to be sold is not greater than five million dollars ($5,000,000) then the notice of sale may be published solely in a newspaper having general circulation in the local government.
Amended by 2021 Tenn. Acts, ch. 128, s 16, eff. 4/13/2021.
Acts 1986, ch. 770, § 6-7.
Tenn. Code Ann. § 9-4-407 — TN Code / Title 9 / Chapter 4 / Section 9-4-407
Safekeeping of securities
Status: in_force

(a) The state treasurer is expressly authorized to contract for the safekeeping and servicing of eligible collateral and/or securities owned by the Tennessee consolidated retirement system and/or other securities of which the state treasurer is the custodian. (b) The state treasurer is expressly authorized, if the state treasurer deems it advisable, to insure securities against theft or other loss. (c) All expenses incidental to the safekeeping and servicing of securities other than eligible collateral shall be paid by the state agency or the retirement system charged with the responsibility of the securities. (d) The state of Tennessee shall be liable to the state depository for any loss of eligible collateral arising from embezzlement and/or theft while in the possession of the state treasurer or under the state treasurer's dominion or control under this section. The state of Tennessee is not liable, however, for loss to the state depository from market fluctuations in the value of collateral or loss to such depository while the collateral is in possession of any common carrier in route to or from the state depository to or from the state treasurer. Acts 1985, ch. 118, § 37.
(a) The state treasurer is expressly authorized to contract for the safekeeping and servicing of eligible collateral and/or securities owned by the Tennessee consolidated retirement system and/or other securities of which the state treasurer is the custodian.
(b) The state treasurer is expressly authorized, if the state treasurer deems it advisable, to insure securities against theft or other loss.
(c) All expenses incidental to the safekeeping and servicing of securities other than eligible collateral shall be paid by the state agency or the retirement system charged with the responsibility of the securities.
(d) The state of Tennessee shall be liable to the state depository for any loss of eligible collateral arising from embezzlement and/or theft while in the possession of the state treasurer or under the state treasurer's dominion or control under this section. The state of Tennessee is not liable, however, for loss to the state depository from market fluctuations in the value of collateral or loss to such depository while the collateral is in possession of any common carrier in route to or from the state depository to or from the state treasurer.
Acts 1985, ch. 118, § 37.
Tenn. Code Ann. § 9-4-5603 — TN Code / Title 9 / Chapter 4 / Section 9-4-5603
Application
Status: in_force

The strategic planning, program performance measures, and performance review requirements of this part shall apply to all agencies unless exempted in this part or exempted by the commissioner of finance and administration. Amended by 2013 Tenn. Acts, ch. 243,s 9, eff. 4/19/2013. Acts 2002, ch. 875, § 1.
The strategic planning, program performance measures, and performance review requirements of this part shall apply to all agencies unless exempted in this part or exempted by the commissioner of finance and administration.
Amended by 2013 Tenn. Acts, ch. 243,s 9, eff. 4/19/2013.
Acts 2002, ch. 875, § 1.
Tenn. Code Ann. § 9-2-139 — TN Code / Title 9 / Chapter 2 / Section 9-2-139
Failure of county officers and employees to file reports or reconcile accounts a misdemeanor
Status: in_force

It is a Class C misdemeanor for any county officer or any employee to fail to perform any duty required by §§ 9-2-137 and 9-2-138 . Acts 1957, ch. 355, § 3; T.C.A., § 9-239; Acts 1989, ch. 591, § 113.
It is a Class C misdemeanor for any county officer or any employee to fail to perform any duty required by §§ 9-2-137 and 9-2-138 .
Acts 1957, ch. 355, § 3; T.C.A., § 9-239; Acts 1989, ch. 591, § 113.
Tenn. Code Ann. § 9-2-104 — TN Code / Title 9 / Chapter 2 / Section 9-2-104
Issuance, preservation and numbering of receipts
Status: in_force

(a) The receipt shall be issued in duplicate and a copy thereof shall be retained by the person so receiving such money and shall be available to the state auditors upon demand. (b) The receipts shall be in a well-bound book, or on a form approved by the comptroller of the treasury, and shall be prenumbered consecutively. Acts 1947, ch. 224, § 1; C. Supp. 1950, § 1902.1; Acts 1977, ch. 103, § 1; T.C.A. (orig. ed.), § 9-204.
(a) The receipt shall be issued in duplicate and a copy thereof shall be retained by the person so receiving such money and shall be available to the state auditors upon demand.
(b) The receipts shall be in a well-bound book, or on a form approved by the comptroller of the treasury, and shall be prenumbered consecutively.
Acts 1947, ch. 224, § 1; C. Supp. 1950, § 1902.1; Acts 1977, ch. 103, § 1; T.C.A. (orig. ed.), § 9-204.
Tenn. Code Ann. § 9-21-801 — TN Code / Title 9 / Chapter 21 / Section 9-21-801
Authorization, security, and retirement of tax anticipation notes
Status: in_force

The governing body of a local government may issue interest-bearing tax anticipation notes for the purpose of meeting appropriations made for the current fiscal year in anticipation of the collection of taxes and revenues of that fiscal year in amounts not exceeding sixty percent (60%) of such appropriation; provided, that the sale of the notes shall first be approved by the comptroller of the treasury or the comptroller's designee. The notes may be renewed from time to time and money may be borrowed from time to time for the payment of any indebtedness evidenced thereby, but all such notes shall mature not later than the close of the current fiscal year. If taxes and revenues are found to be overestimated and it becomes impossible to pay the notes prior to the close of the current fiscal year, application shall be made to the comptroller of the treasury or the comptroller's designee within ten (10) days prior to the close of the current fiscal year for permission to issue funding bonds to cover the unpaid note balances in the manner provided by chapter 11 of this title, or as otherwise provided for in a manner approved by the comptroller of the treasury or the comptroller's designee. Acts 1986, ch. 770, § 8-1; 1987, ch. 77, § 12; 2010, ch. 868, § 63.
The governing body of a local government may issue interest-bearing tax anticipation notes for the purpose of meeting appropriations made for the current fiscal year in anticipation of the collection of taxes and revenues of that fiscal year in amounts not exceeding sixty percent (60%) of such appropriation; provided, that the sale of the notes shall first be approved by the comptroller of the treasury or the comptroller's designee. The notes may be renewed from time to time and money may be borrowed from time to time for the payment of any indebtedness evidenced thereby, but all such notes shall mature not later than the close of the current fiscal year. If taxes and revenues are found to be overestimated and it becomes impossible to pay the notes prior to the close of the current fiscal year, application shall be made to the comptroller of the treasury or the comptroller's designee within ten (10) days prior to the close of the current fiscal year for permission to issue funding bonds to cover the unpaid note balances in the manner provided by chapter 11 of this title, or as otherwise provided for in a manner approved by the comptroller of the treasury or the comptroller's designee.
Acts 1986, ch. 770, § 8-1; 1987, ch. 77, § 12; 2010, ch. 868, § 63.
Tenn. Code Ann. § 9-11-109 — TN Code / Title 9 / Chapter 11 / Section 9-11-109
Sale price - Exchange - Premiums and discount
Status: in_force

The governing body may sell any or all of the bonds authorized under this chapter in such manner and for such price as it may determine to be for the best interest of the unit. Any or all of the bonds authorized under this chapter may be exchanged for the bonds to be refunded thereby or the evidences of indebtedness to be funded thereby, including bonds not matured or redeemable if the holder thereof be willing to surrender the same for retirement. Additional bonds may be authorized and sold under § 9-11-103(3) , in an amount sufficient to pay: (1) Any redemption premium on bonds refunded; and (2) If such funding or refunding bonds shall be sold or delivered in exchange at a discount, the amount of such discount. Acts 1937, ch. 300, § 9; C. Supp. 1950, § 3516.19; Acts 1969, ch. 283, § 4; T.C.A. (orig. ed.), § 9-1109.
The governing body may sell any or all of the bonds authorized under this chapter in such manner and for such price as it may determine to be for the best interest of the unit. Any or all of the bonds authorized under this chapter may be exchanged for the bonds to be refunded thereby or the evidences of indebtedness to be funded thereby, including bonds not matured or redeemable if the holder thereof be willing to surrender the same for retirement. Additional bonds may be authorized and sold under § 9-11-103(3) , in an amount sufficient to pay:
(1) Any redemption premium on bonds refunded; and
(2) If such funding or refunding bonds shall be sold or delivered in exchange at a discount, the amount of such discount.
Acts 1937, ch. 300, § 9; C. Supp. 1950, § 3516.19; Acts 1969, ch. 283, § 4; T.C.A. (orig. ed.), § 9-1109.
Tenn. Code Ann. § 9-20-105 — TN Code / Title 9 / Chapter 20 / Section 9-20-105
Reports
Status: in_force

(a) Prior to January 31 of each year, the commissioner shall report to the general assembly on the administration of the bond allocation program. This report shall contain, but not be limited to, the following information about bond issues approved and disapproved: (1) Amount; (2) Purpose; and (3) Location. (b) The commissioner may include in this report any additional information that will assist the general assembly in evaluating the administration of the bond allocation program. Acts 1985, ch. 237, § 5.
(a) Prior to January 31 of each year, the commissioner shall report to the general assembly on the administration of the bond allocation program. This report shall contain, but not be limited to, the following information about bond issues approved and disapproved: (1) Amount; (2) Purpose; and (3) Location.
(1) Amount;
(2) Purpose; and
(3) Location.
(b) The commissioner may include in this report any additional information that will assist the general assembly in evaluating the administration of the bond allocation program.
Acts 1985, ch. 237, § 5.
Tenn. Code Ann. § 9-5-101 — TN Code / Title 9 / Chapter 5 / Section 9-5-101
Short title
Status: in_force

This chapter is known and may be cited as the "State Lending Transparency Act." Added by 2022 Tenn. Acts, ch. 669, s 1, eff. 7/1/2022.
This chapter is known and may be cited as the "State Lending Transparency Act."
Added by 2022 Tenn. Acts, ch. 669, s 1, eff. 7/1/2022.
Tenn. Code Ann. § 9-21-208 — TN Code / Title 9 / Chapter 21 / Section 9-21-208
Voluntary election
Status: in_force

If the governing body of the local government makes a decision to issue general obligation bonds for a public works project, and concurrently decides to hold an election for ascertaining the will of the electorate, then it need not adopt and publish an initial resolution and notice, but it shall adopt an election resolution in accordance with § 9-21-209 and it shall hold an election in accordance with § 9-21-210 . A governing body may also hold an election for ascertaining the will of the electorate after adoption and publication of an initial resolution, even if no petition has been filed. Acts 1986, ch. 770, § 2-8.
If the governing body of the local government makes a decision to issue general obligation bonds for a public works project, and concurrently decides to hold an election for ascertaining the will of the electorate, then it need not adopt and publish an initial resolution and notice, but it shall adopt an election resolution in accordance with § 9-21-209 and it shall hold an election in accordance with § 9-21-210 . A governing body may also hold an election for ascertaining the will of the electorate after adoption and publication of an initial resolution, even if no petition has been filed.
Acts 1986, ch. 770, § 2-8.
Tenn. Code Ann. § 9-21-203 — TN Code / Title 9 / Chapter 21 / Section 9-21-203
Sale of general obligation bonds - Notices
Status: in_force

Any local government proposing to sell general obligation bonds, under parts 1 and 2 of this chapter, is authorized to sell such bonds at a competitive public sale. The local government shall publish a notice of sale at least five (5) days prior to the date on which the bonds are to be sold, either in a financial newspaper having national circulation, or via an electronic communication system that is generally available to the financial community. The notice of sale shall set forth the time, date and place of sale, the maximum amount of bonds to be sold, the maximum interest rate, the maximum discount, if any, that will be permitted, in dollars or as a percentage of par value, and the basis upon which the bonds will be awarded. If the principal amount of general obligation bonds to be sold is not greater than five million dollars ($5,000,000), then the notice of sale may be published either as set forth in this section, or in a newspaper having general circulation in the local government. Acts 1986, ch. 770, § 2-3; 1995, ch. 67, § 1; 2005, ch. 393, § 1.
Any local government proposing to sell general obligation bonds, under parts 1 and 2 of this chapter, is authorized to sell such bonds at a competitive public sale. The local government shall publish a notice of sale at least five (5) days prior to the date on which the bonds are to be sold, either in a financial newspaper having national circulation, or via an electronic communication system that is generally available to the financial community. The notice of sale shall set forth the time, date and place of sale, the maximum amount of bonds to be sold, the maximum interest rate, the maximum discount, if any, that will be permitted, in dollars or as a percentage of par value, and the basis upon which the bonds will be awarded. If the principal amount of general obligation bonds to be sold is not greater than five million dollars ($5,000,000), then the notice of sale may be published either as set forth in this section, or in a newspaper having general circulation in the local government.
Acts 1986, ch. 770, § 2-3; 1995, ch. 67, § 1; 2005, ch. 393, § 1.
Tenn. Code Ann. § 9-3-402 — TN Code / Title 9 / Chapter 3 / Section 9-3-402
Determination of local governments not in compliance with accounting and financial reporting standards - Development of work plan
Status: in_force

The comptroller of the treasury shall determine those local governments that are in noncompliance with the accounting and financial reporting standards established by the Governmental Accounting Standards Board (GASB). Those governments determined to be in noncompliance with GASB accounting and financial reporting standards shall be required to submit an implementation work plan to the comptroller of the treasury on a date prescribed by the comptroller. The chief executive officer of the local government shall serve as the primary person with authority and responsibility for development and submission of the local government's work plan, which shall include the primary government and all component units of the local government. The work plan shall include due dates and responsible persons or parties for implementation. Amended by 2018 Tenn. Acts, ch. 499,s 1, eff. 2/22/2018. Acts 2005, ch. 191, § 1.
The comptroller of the treasury shall determine those local governments that are in noncompliance with the accounting and financial reporting standards established by the Governmental Accounting Standards Board (GASB). Those governments determined to be in noncompliance with GASB accounting and financial reporting standards shall be required to submit an implementation work plan to the comptroller of the treasury on a date prescribed by the comptroller. The chief executive officer of the local government shall serve as the primary person with authority and responsibility for development and submission of the local government's work plan, which shall include the primary government and all component units of the local government. The work plan shall include due dates and responsible persons or parties for implementation.
Amended by 2018 Tenn. Acts, ch. 499,s 1, eff. 2/22/2018.
Acts 2005, ch. 191, § 1.
Tenn. Code Ann. § 9-21-603 — TN Code / Title 9 / Chapter 21 / Section 9-21-603
Security for capital outlay notes
Status: in_force

When the capital outlay notes are issued and sold, they shall be direct obligations of the local government, the payments of which shall be made according to the tenor and effect thereof, to which shall be pledged the taxing power of the local government as to all taxable property in the local government. The governing body is hereby authorized to levy and provide for the collection of a special tax over and above all other taxes authorized or limited by law to be imposed and levied on all the taxable property in the local government to create a sinking fund to retire such notes with interest as they fall due. Capital outlay notes issued for an income producing public works project may be additionally secured by and payable from revenues of such public works project. Acts 1986, ch. 770, § 6-3.
When the capital outlay notes are issued and sold, they shall be direct obligations of the local government, the payments of which shall be made according to the tenor and effect thereof, to which shall be pledged the taxing power of the local government as to all taxable property in the local government. The governing body is hereby authorized to levy and provide for the collection of a special tax over and above all other taxes authorized or limited by law to be imposed and levied on all the taxable property in the local government to create a sinking fund to retire such notes with interest as they fall due. Capital outlay notes issued for an income producing public works project may be additionally secured by and payable from revenues of such public works project.
Acts 1986, ch. 770, § 6-3.
Tenn. Code Ann. § 9-8-102 — TN Code / Title 9 / Chapter 8 / Section 9-8-102
Board attached to department of the treasury - Secretary
Status: in_force

(a) For the purpose of administration, including fiscal and personnel operations, the board is attached to the department of the treasury. (b) The chair has the authority to designate an employee of the department of the treasury as secretary to the board of claims, who will keep the records and minutes of the board and perform other administrative tasks as assigned by the board. Acts 1945, ch. 73, § 6; C. Supp. 1950, § 1034.6 (Williams, § 1034.31); impl. am. Acts 1959, ch. 9, § 3; impl. am. Acts 1961, ch. 97, § 3; Acts 1976, ch. 806, § 1(45); T.C.A. (orig. ed.), § 9-802; Acts 1981, ch. 154, § 2; 1986, ch. 626, § 4.
(a) For the purpose of administration, including fiscal and personnel operations, the board is attached to the department of the treasury.
(b) The chair has the authority to designate an employee of the department of the treasury as secretary to the board of claims, who will keep the records and minutes of the board and perform other administrative tasks as assigned by the board.
Acts 1945, ch. 73, § 6; C. Supp. 1950, § 1034.6 (Williams, § 1034.31); impl. am. Acts 1959, ch. 9, § 3; impl. am. Acts 1961, ch. 97, § 3; Acts 1976, ch. 806, § 1(45); T.C.A. (orig. ed.), § 9-802; Acts 1981, ch. 154, § 2; 1986, ch. 626, § 4.
Tenn. Code Ann. § 9-21-705 — TN Code / Title 9 / Chapter 21 / Section 9-21-705
Duration - Extension or renewal
Status: in_force

Grant anticipation notes shall be issued for a period not to exceed three (3) years from the date of issuance; provided, that the comptroller of the treasury or the comptroller's designee may initially approve, or subsequently approve, a maturity date of such notes of not more than seven (7) years from the date of issuance, and may additionally approve a further extension or renewal not to exceed ten (10) years from the date of issuance upon application from the local government, by resolution, certifying that at least ten percent (10%) of the moneys anticipated to be received under the contract or agreement between such state or federal agency and the local government is not expected to be received within seven (7) years following the date of issuance of the notes. Acts 1986, ch. 770, § 7-5; 1987, ch. 77, § 11; 2010, ch. 868, § 62.
Grant anticipation notes shall be issued for a period not to exceed three (3) years from the date of issuance; provided, that the comptroller of the treasury or the comptroller's designee may initially approve, or subsequently approve, a maturity date of such notes of not more than seven (7) years from the date of issuance, and may additionally approve a further extension or renewal not to exceed ten (10) years from the date of issuance upon application from the local government, by resolution, certifying that at least ten percent (10%) of the moneys anticipated to be received under the contract or agreement between such state or federal agency and the local government is not expected to be received within seven (7) years following the date of issuance of the notes.
Acts 1986, ch. 770, § 7-5; 1987, ch. 77, § 11; 2010, ch. 868, § 62.
Tenn. Code Ann. § 9-4-1106 — TN Code / Title 9 / Chapter 4 / Section 9-4-1106
Annual financial reports
Status: in_force

The trustees shall prepare annual financial reports following the close of each fiscal year relative to the activities of the trust. The annual reports, all books, accounts, and financial records of the trust shall be subject to audit by the comptroller of the treasury. Added by 2017 Tenn. Acts, ch. 374,s 7, eff. 5/11/2017.
The trustees shall prepare annual financial reports following the close of each fiscal year relative to the activities of the trust. The annual reports, all books, accounts, and financial records of the trust shall be subject to audit by the comptroller of the treasury.
Added by 2017 Tenn. Acts, ch. 374,s 7, eff. 5/11/2017.
Tenn. Code Ann. § 9-21-117 — TN Code / Title 9 / Chapter 21 / Section 9-21-117
Tax exemption
Status: in_force

Any bonds or notes issued by a local government pursuant to this chapter and the income therefrom shall be exempt from all state, county and municipal taxation except for inheritance, transfer and estate taxes, and except as otherwise provided in this code. Acts 1986, ch. 770, § 1-17.
Any bonds or notes issued by a local government pursuant to this chapter and the income therefrom shall be exempt from all state, county and municipal taxation except for inheritance, transfer and estate taxes, and except as otherwise provided in this code.
Acts 1986, ch. 770, § 1-17.
Tenn. Code Ann. § 9-11-108 — TN Code / Title 9 / Chapter 11 / Section 9-11-108
Annual statement by fiscal officer
Status: in_force

Before any funding or refunding bonds shall be issued under this chapter, a fiscal officer of the unit shall prepare a statement as of the beginning of the then current fiscal year, which statement shall show in detail the total outstanding bonds, notes, warrants and other evidences of indebtedness of the unit, together with the maturity dates thereof, interest rates, special provisions for payment, together with a description of the indebtedness proposed to be funded or refunded by the issuance of bonds. Such statement shall also show in detail the total tax collections of the unit for the preceding year, the amount of delinquent taxes, and the amount of expenditures of all funds during the preceding fiscal year, the proposed maturity or maturities of the new funding or refunding bonds to be issued, and any and all other pertinent information which may be requested by the comptroller of the treasury or the comptroller's designee. Such statement shall be filed with the comptroller of the treasury or the comptroller's designee, together with an application from the governing body of the unit requesting that the issuance of the proposed bonds be approved. If the comptroller of the treasury or the comptroller's designee shall determine that, in the comptroller of the treasury's or the comptroller's designee's opinion, the unit can fulfill this chapter as hereinafter set forth, the comptroller of the treasury or the comptroller's designee shall so certify in writing to the unit, and such certificate shall be recorded in the minutes of the unit. Acts 1937, ch. 300, § 14; C. Supp. 1950, § 3516.23 (Williams, § 3516.24); T.C.A. (orig. ed.), §9-1108; Acts 2010 , ch. 868, § 32.
Before any funding or refunding bonds shall be issued under this chapter, a fiscal officer of the unit shall prepare a statement as of the beginning of the then current fiscal year, which statement shall show in detail the total outstanding bonds, notes, warrants and other evidences of indebtedness of the unit, together with the maturity dates thereof, interest rates, special provisions for payment, together with a description of the indebtedness proposed to be funded or refunded by the issuance of bonds. Such statement shall also show in detail the total tax collections of the unit for the preceding year, the amount of delinquent taxes, and the amount of expenditures of all funds during the preceding fiscal year, the proposed maturity or maturities of the new funding or refunding bonds to be issued, and any and all other pertinent information which may be requested by the comptroller of the treasury or the comptroller's designee. Such statement shall be filed with the comptroller of the treasury or the comptroller's designee, together with an application from the governing body of the unit requesting that the issuance of the proposed bonds be approved. If the comptroller of the treasury or the comptroller's designee shall determine that, in the comptroller of the treasury's or the comptroller's designee's opinion, the unit can fulfill this chapter as hereinafter set forth, the comptroller of the treasury or the comptroller's designee shall so certify in writing to the unit, and such certificate shall be recorded in the minutes of the unit.
Acts 1937, ch. 300, § 14; C. Supp. 1950, § 3516.23 (Williams, § 3516.24); T.C.A. (orig. ed.), §9-1108; Acts 2010 , ch. 868, § 32.
Tenn. Code Ann. § 9-11-113 — TN Code / Title 9 / Chapter 11 / Section 9-11-113
Annual cash basis budget
Status: in_force

In order that the fiscal affairs of a unit may be maintained on a cash basis after issuance of any funding or refunding bonds under this chapter, and in order that the current receipts of such unit shall be sufficient to meet current expenditures, an annual budget shall be prepared by an official of the unit designated by the governing body for that purpose, which budget shall include the following: (1) The full amount required for interest on the indebtedness of the unit and for sinking funds and for principal of serial bonds maturing during the fiscal year; (2) A detailed statement of the amounts required during the fiscal year for the expense of conducting or operating each department, division, office or board and the subdivisions of each; (3) The amount of any cash deficit, being the sum of all outstanding and unpaid bills or other lawful obligations and all amounts payable to all special funds of the unit at the close of the preceding fiscal year incurred for debt or other lawful charges in connection with the operation of the unit, to the extent that such sum exceeds the cash on hand or on deposit to the credit of the general funds of the unit, exclusive, however, of any cash derived from prepaid taxes or other sources applicable to the budget of the succeeding fiscal year; and (4) An itemized estimate of the cash receipts to be available during the current fiscal year, but such itemized estimate shall be subject to the following provisions: (A) Such estimate of collections of delinquent taxes shall not exceed an amount which represents the same percentage of the amount of taxes delinquent on the first day of the current fiscal year as the percentage of delinquent taxes outstanding on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year; (B) Such estimate of collections of special assessments shall not exceed an amount which represents the same percentage of the amount of special assessments unpaid and owing to the unit on the first day of the current fiscal year as the percentage of special assessments unpaid and owing to the unit on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year; (C) Such estimate of collections of miscellaneous revenues from sources other than taxes or special assessments shall in no instance nor as to any item be in an amount in excess of the amount of such miscellaneous revenues collected in cash in the preceding year; provided, that there may be included in the estimated cash receipts such amount of additional miscellaneous revenues to be derived from sources other than ad valorem taxes or special assessments as may be approved by the comptroller of the treasury or the comptroller's designee; and (D) The amount of the cash surplus, being an amount not larger than the amount of cash on hand or on deposit to the credit of the general funds of the unit at the close of the preceding fiscal year exclusive, however, of any cash derived from prepaid taxes or other sources applicable to the budget of the succeeding fiscal year, to the extent that such cash is in excess of all outstanding and unpaid bills or other obligations lawfully incurred during such fiscal year and all amounts payable therefrom to all special funds of the unit. Acts 1937, ch. 300, § 15; C. Supp. 1950, § 3516.24 (Williams, § 3516.25); T.C.A. (orig. ed.), §9-1113; Acts 2010 , ch. 868, § 33.
In order that the fiscal affairs of a unit may be maintained on a cash basis after issuance of any funding or refunding bonds under this chapter, and in order that the current receipts of such unit shall be sufficient to meet current expenditures, an annual budget shall be prepared by an official of the unit designated by the governing body for that purpose, which budget shall include the following:
(1) The full amount required for interest on the indebtedness of the unit and for sinking funds and for principal of serial bonds maturing during the fiscal year;
(2) A detailed statement of the amounts required during the fiscal year for the expense of conducting or operating each department, division, office or board and the subdivisions of each;
(3) The amount of any cash deficit, being the sum of all outstanding and unpaid bills or other lawful obligations and all amounts payable to all special funds of the unit at the close of the preceding fiscal year incurred for debt or other lawful charges in connection with the operation of the unit, to the extent that such sum exceeds the cash on hand or on deposit to the credit of the general funds of the unit, exclusive, however, of any cash derived from prepaid taxes or other sources applicable to the budget of the succeeding fiscal year; and
(4) An itemized estimate of the cash receipts to be available during the current fiscal year, but such itemized estimate shall be subject to the following provisions: (A) Such estimate of collections of delinquent taxes shall not exceed an amount which represents the same percentage of the amount of taxes delinquent on the first day of the current fiscal year as the percentage of delinquent taxes outstanding on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year; (B) Such estimate of collections of special assessments shall not exceed an amount which represents the same percentage of the amount of special assessments unpaid and owing to the unit on the first day of the current fiscal year as the percentage of special assessments unpaid and owing to the unit on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year; (C) Such estimate of collections of miscellaneous revenues from sources other than taxes or special assessments shall in no instance nor as to any item be in an amount in excess of the amount of such miscellaneous revenues collected in cash in the preceding year; provided, that there may be included in the estimated cash receipts such amount of additional miscellaneous revenues to be derived from sources other than ad valorem taxes or special assessments as may be approved by the comptroller of the treasury or the comptroller's designee; and (D) The amount of the cash surplus, being an amount not larger than the amount of cash on hand or on deposit to the credit of the general funds of the unit at the close of the preceding fiscal year exclusive, however, of any cash derived from prepaid taxes or other sources applicable to the budget of the succeeding fiscal year, to the extent that such cash is in excess of all outstanding and unpaid bills or other obligations lawfully incurred during such fiscal year and all amounts payable therefrom to all special funds of the unit.
(A) Such estimate of collections of delinquent taxes shall not exceed an amount which represents the same percentage of the amount of taxes delinquent on the first day of the current fiscal year as the percentage of delinquent taxes outstanding on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year;
(B) Such estimate of collections of special assessments shall not exceed an amount which represents the same percentage of the amount of special assessments unpaid and owing to the unit on the first day of the current fiscal year as the percentage of special assessments unpaid and owing to the unit on the first day of the preceding fiscal year which were actually collected in cash during such preceding fiscal year;
(C) Such estimate of collections of miscellaneous revenues from sources other than taxes or special assessments shall in no instance nor as to any item be in an amount in excess of the amount of such miscellaneous revenues collected in cash in the preceding year; provided, that there may be included in the estimated cash receipts such amount of additional miscellaneous revenues to be derived from sources other than ad valorem taxes or special assessments as may be approved by the comptroller of the treasury or the comptroller's designee; and
(D) The amount of the cash surplus, being an amount not larger than the amount of cash on hand or on deposit to the credit of the general funds of the unit at the close of the preceding fiscal year exclusive, however, of any cash derived from prepaid taxes or other sources applicable to the budget of the succeeding fiscal year, to the extent that such cash is in excess of all outstanding and unpaid bills or other obligations lawfully incurred during such fiscal year and all amounts payable therefrom to all special funds of the unit.
Acts 1937, ch. 300, § 15; C. Supp. 1950, § 3516.24 (Williams, § 3516.25); T.C.A. (orig. ed.), §9-1113; Acts 2010 , ch. 868, § 33.
Tenn. Code Ann. § 9-16-101 — TN Code / Title 9 / Chapter 16 / Section 9-16-101
Special census by counties
Status: in_force

For purposes of determining its eligibility in whole or part for an allocation of tax proceeds or other funds, each county may take not more than two (2) special censuses at its own expense at any time during the interim between the regular decennial federal censuses. The special census shall be taken by the federal census bureau or in a manner directed by and satisfactory to the department of economic and community development. The population of the county shall thereafter be revised in accordance with the special census, effective on July 1 following certification of the census results by the federal census bureau or department of economic and community development to the commissioner of finance and administration. Acts 1978, ch. 806, § 1; T.C.A., § 9-1701; Acts 1995, ch. 501, § 7.
For purposes of determining its eligibility in whole or part for an allocation of tax proceeds or other funds, each county may take not more than two (2) special censuses at its own expense at any time during the interim between the regular decennial federal censuses. The special census shall be taken by the federal census bureau or in a manner directed by and satisfactory to the department of economic and community development. The population of the county shall thereafter be revised in accordance with the special census, effective on July 1 following certification of the census results by the federal census bureau or department of economic and community development to the commissioner of finance and administration.
Acts 1978, ch. 806, § 1; T.C.A., § 9-1701; Acts 1995, ch. 501, § 7.
Tenn. Code Ann. § 9-21-502 — TN Code / Title 9 / Chapter 21 / Section 9-21-502
Purchase and terms of bond anticipation notes
Status: in_force

Bond anticipation notes shall be sold for not less than ninety-nine percent (99%) of the par value thereof and accrued interest as the governing body of the local government may direct. Bond anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate or rates (which may vary from time to time), may be payable at such time or times, may be in such denomination or denominations, may be in such form, either coupon or registered, may be payable at such place or places, may be executed in such manner, may be payable in such medium of payment, may be subject to such terms of redemption, without a premium or, for notes sold for not less than the par value thereof and accrued interest, without or with a premium of not exceeding one percent (1%) of the principal amount thereof, all as may be provided by resolution of the governing body of the local government. Acts 1986, ch. 770, § 5-2.
Bond anticipation notes shall be sold for not less than ninety-nine percent (99%) of the par value thereof and accrued interest as the governing body of the local government may direct. Bond anticipation notes may be sold in one (1) or more series, may bear such date or dates, may bear interest at such rate or rates (which may vary from time to time), may be payable at such time or times, may be in such denomination or denominations, may be in such form, either coupon or registered, may be payable at such place or places, may be executed in such manner, may be payable in such medium of payment, may be subject to such terms of redemption, without a premium or, for notes sold for not less than the par value thereof and accrued interest, without or with a premium of not exceeding one percent (1%) of the principal amount thereof, all as may be provided by resolution of the governing body of the local government.
Acts 1986, ch. 770, § 5-2.
Tenn. Code Ann. § 9-2-112 — TN Code / Title 9 / Chapter 2 / Section 9-2-112
Examination of reports by grand jury - Penalties for violations
Status: in_force

(a) It is the duty of the grand jury, impaneled next after the filing of the reports by clerks or judges, to examine the same, in order to ascertain their correctness, and if such grand jury shall find any omission in the reports, or any amount erroneously charged, or any error whatever in the reports, and shall be of opinion that such omission, mistake or error was corruptly or fraudulently made, such grand jury shall present the officer who made the report. (b) Upon conviction, the officer and such officer's sureties shall be bound to pay whatever fine and costs may be adjudged against the officer. (c) If the traverse jury should find the omission or other error to have been willfully made, then the court, in addition to the fine and costs, shall also remove the officer from office. (d) The grand jury has the power to send for persons and papers to facilitate its investigations into the correctness of the reports. Acts 1875, ch. 46, § 4; Shan., § 1021; Code 1932, §1750; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), § 9-212.
(a) It is the duty of the grand jury, impaneled next after the filing of the reports by clerks or judges, to examine the same, in order to ascertain their correctness, and if such grand jury shall find any omission in the reports, or any amount erroneously charged, or any error whatever in the reports, and shall be of opinion that such omission, mistake or error was corruptly or fraudulently made, such grand jury shall present the officer who made the report.
(b) Upon conviction, the officer and such officer's sureties shall be bound to pay whatever fine and costs may be adjudged against the officer.
(c) If the traverse jury should find the omission or other error to have been willfully made, then the court, in addition to the fine and costs, shall also remove the officer from office.
(d) The grand jury has the power to send for persons and papers to facilitate its investigations into the correctness of the reports.
Acts 1875, ch. 46, § 4; Shan., § 1021; Code 1932, §1750; impl. am. Acts 1979, ch. 68, §§ 2, 3; T.C.A. (orig. ed.), § 9-212.
Tenn. Code Ann. § 9-9-406 — TN Code / Title 9 / Chapter 9 / Section 9-9-406
Rules and regulations
Status: in_force

The state treasurer is authorized to promulgate rules and regulations which are consistent with the plan approved by the state funding board pursuant to § 9-9-401 to effectuate the purposes of this part. All such rules and regulations shall be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. Acts 1980, ch. 480, § 6.
The state treasurer is authorized to promulgate rules and regulations which are consistent with the plan approved by the state funding board pursuant to § 9-9-401 to effectuate the purposes of this part. All such rules and regulations shall be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
Acts 1980, ch. 480, § 6.
Tenn. Code Ann. § 9-2-114 — TN Code / Title 9 / Chapter 2 / Section 9-2-114
Payment by clerks
Status: in_force

The clerks of all courts shall, within twenty (20) days after the time required for making such report, pay over to the county trustee the amount of the county revenue then in their hands, and to the state treasurer the amount of state revenue then in their hands, and to the state treasurer or other proper financial officer of the municipality the amount of municipal revenue in their hands. Acts 1875, ch. 46, § 5; Shan., § 1015; mod. Code 1932, § 1743; T.C.A. (orig. ed.), § 9-214.
The clerks of all courts shall, within twenty (20) days after the time required for making such report, pay over to the county trustee the amount of the county revenue then in their hands, and to the state treasurer the amount of state revenue then in their hands, and to the state treasurer or other proper financial officer of the municipality the amount of municipal revenue in their hands.
Acts 1875, ch. 46, § 5; Shan., § 1015; mod. Code 1932, § 1743; T.C.A. (orig. ed.), § 9-214.
Tenn. Code Ann. § 9-21-207 — TN Code / Title 9 / Chapter 21 / Section 9-21-207
When an election is necessary
Status: in_force

(a) No election upon a proposition for the issuance of general obligation bonds shall be necessary: (1) If the general obligation bonds are to be issued for water works or sewerage purposes and if the governing body, by a vote of three-fourths (¾) of its members then in office, determine and declare in the initial resolution that an emergency requires the issuance of such bonds, which determination and declaration shall be conclusive; or (2) In any case where a petition has not been filed within the time limit specified in § 9-21-206 . (b) If a petition protesting the issuance of the general obligation bonds signed by at least ten percent (10%) of the registered voters of the local government, determined as of the date of publication of the notice required in § 9-21-206 , or that portion, if applicable, which is liable to be taxed therefor, is filed with the official charged with maintaining the records of the local government within twenty (20) days from the publication of the initial resolution, then no general obligation bonds shall be issued without the assent of the majority of the registered voters in the local government or a portion of the local government, if applicable, voting upon a proposition for the issuance of the general obligation bonds in the manner provided by §§ 9-21-209 and 9-21-210 . The county election commission shall certify to the local government within fifteen (15) days of receipt by the county election commission of any petition filed hereunder, the total number of registered voters as of the date of publication of the notice and the total number of valid signatures of registered voters signing the petition. Registered voters shall not withdraw their signatures from a petition after signing the petition. Acts 1986, ch. 770, § 2-7; 1993, ch. 514, § 2.
(a) No election upon a proposition for the issuance of general obligation bonds shall be necessary: (1) If the general obligation bonds are to be issued for water works or sewerage purposes and if the governing body, by a vote of three-fourths (¾) of its members then in office, determine and declare in the initial resolution that an emergency requires the issuance of such bonds, which determination and declaration shall be conclusive; or (2) In any case where a petition has not been filed within the time limit specified in § 9-21-206 .
(1) If the general obligation bonds are to be issued for water works or sewerage purposes and if the governing body, by a vote of three-fourths (¾) of its members then in office, determine and declare in the initial resolution that an emergency requires the issuance of such bonds, which determination and declaration shall be conclusive; or
(2) In any case where a petition has not been filed within the time limit specified in § 9-21-206 .
(b) If a petition protesting the issuance of the general obligation bonds signed by at least ten percent (10%) of the registered voters of the local government, determined as of the date of publication of the notice required in § 9-21-206 , or that portion, if applicable, which is liable to be taxed therefor, is filed with the official charged with maintaining the records of the local government within twenty (20) days from the publication of the initial resolution, then no general obligation bonds shall be issued without the assent of the majority of the registered voters in the local government or a portion of the local government, if applicable, voting upon a proposition for the issuance of the general obligation bonds in the manner provided by §§ 9-21-209 and 9-21-210 . The county election commission shall certify to the local government within fifteen (15) days of receipt by the county election commission of any petition filed hereunder, the total number of registered voters as of the date of publication of the notice and the total number of valid signatures of registered voters signing the petition. Registered voters shall not withdraw their signatures from a petition after signing the petition.
Acts 1986, ch. 770, § 2-7; 1993, ch. 514, § 2.
Tenn. Code Ann. § 9-4-5612 — TN Code / Title 9 / Chapter 4 / Section 9-4-5612
Proposed instructions for the development of performance measures for the legislature
Status: in_force

The director of the office of legislative administration shall develop and submit to the joint legislative services committee proposed instructions for the development of performance measures for the legislative department. The joint legislative services committee shall review such proposed instructions, may revise or amend the proposed instructions, and shall adopt final instructions for the development of such performance measures. Amended by 2013 Tenn. Acts, ch. 243,s 16, eff. 4/19/2013. Acts 2002, ch. 875, § 1.
The director of the office of legislative administration shall develop and submit to the joint legislative services committee proposed instructions for the development of performance measures for the legislative department. The joint legislative services committee shall review such proposed instructions, may revise or amend the proposed instructions, and shall adopt final instructions for the development of such performance measures.
Amended by 2013 Tenn. Acts, ch. 243,s 16, eff. 4/19/2013.
Acts 2002, ch. 875, § 1.
Tenn. Code Ann. § 9-21-314 — TN Code / Title 9 / Chapter 21 / Section 9-21-314
Sale of assets by receiver prohibited
Status: in_force

Notwithstanding § 9-21-313 , the receiver shall have no power to sell, assign, mortgage or otherwise dispose of any assets of whatever kind or character belonging to the local government or any local government instrumentality and useful for the public works project. The authority of any receiver shall be limited to the operation and maintenance of the public works project, and no court shall have jurisdiction to enter any order or decree requiring or permitting the receiver to sell, mortgage, or otherwise dispose of any such assets. Acts 1986, ch. 770, § 3-14.
Notwithstanding § 9-21-313 , the receiver shall have no power to sell, assign, mortgage or otherwise dispose of any assets of whatever kind or character belonging to the local government or any local government instrumentality and useful for the public works project. The authority of any receiver shall be limited to the operation and maintenance of the public works project, and no court shall have jurisdiction to enter any order or decree requiring or permitting the receiver to sell, mortgage, or otherwise dispose of any such assets.
Acts 1986, ch. 770, § 3-14.
Tenn. Code Ann. § 9-5-104 — TN Code / Title 9 / Chapter 5 / Section 9-5-104
Inclusion in proposed state budget
Status: in_force

(a) As used in this section: (1) "Department" means the department of finance and administration; and (2) "Division" means the department's division of budget. (b) (1) The division shall include in the proposed state budget for each fiscal year: (A) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues; (B) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and (C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year, calculated using generally accepted accounting principles, as expenses for the purpose of calculating a balanced budget. (2) The department may use the information provided by the comptroller of the treasury's report to determine the information described in subdivision (b)(1). Added by 2022 Tenn. Acts, ch. 669, s 1, eff. 7/1/2022.
(a) As used in this section: (1) "Department" means the department of finance and administration; and (2) "Division" means the department's division of budget.
(1) "Department" means the department of finance and administration; and
(2) "Division" means the department's division of budget.
(b) (1) The division shall include in the proposed state budget for each fiscal year: (A) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues; (B) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and (C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year, calculated using generally accepted accounting principles, as expenses for the purpose of calculating a balanced budget. (2) The department may use the information provided by the comptroller of the treasury's report to determine the information described in subdivision (b)(1).
(1) The division shall include in the proposed state budget for each fiscal year: (A) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues; (B) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and (C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year, calculated using generally accepted accounting principles, as expenses for the purpose of calculating a balanced budget.
(A) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues;
(B) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and
(C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year, calculated using generally accepted accounting principles, as expenses for the purpose of calculating a balanced budget.
(2) The department may use the information provided by the comptroller of the treasury's report to determine the information described in subdivision (b)(1).
Added by 2022 Tenn. Acts, ch. 669, s 1, eff. 7/1/2022.
Tenn. Code Ann. § 9-23-108 — TN Code / Title 9 / Chapter 23 / Section 9-23-108
Application of proceeds
Status: in_force

Notwithstanding any provision of title 7, chapter 53 to the contrary, the proceeds of tax increment revenues payable to an industrial development corporation shall only be applied to pay public infrastructure costs, the costs of acquisition of a project site, the cost of improvements to a project site, including, but not limited to, demolition, clearing, grading, utility connections to public or private utilities, buildings constructed on a project site, equipment located on a project site, architects and engineering costs for the design of any improvements to a project site, access drives on a project site, landscaping for a project site, and stormwater facilities on a project site, the costs of issuance of bonds or notes relating to the foregoing costs or debt service related to the foregoing costs; provided, however, and other than for land, improvements, or equipment utilized for public infrastructure, that such revenues may be used for privately-owned land, improvements, or equipment, or for other purposes authorized by title 7, chapter 53, but not specified above, only if both the commissioner and the comptroller have made a written determination that the use of tax increment revenues for such purposes is in the best interest of the state. A request for this determination shall be in writing, and if the written determination approving or rejecting the proposed use is not rendered within thirty (30) days, the use is deemed approved. Acts 2012, ch. 605, § 2.
Notwithstanding any provision of title 7, chapter 53 to the contrary, the proceeds of tax increment revenues payable to an industrial development corporation shall only be applied to pay public infrastructure costs, the costs of acquisition of a project site, the cost of improvements to a project site, including, but not limited to, demolition, clearing, grading, utility connections to public or private utilities, buildings constructed on a project site, equipment located on a project site, architects and engineering costs for the design of any improvements to a project site, access drives on a project site, landscaping for a project site, and stormwater facilities on a project site, the costs of issuance of bonds or notes relating to the foregoing costs or debt service related to the foregoing costs; provided, however, and other than for land, improvements, or equipment utilized for public infrastructure, that such revenues may be used for privately-owned land, improvements, or equipment, or for other purposes authorized by title 7, chapter 53, but not specified above, only if both the commissioner and the comptroller have made a written determination that the use of tax increment revenues for such purposes is in the best interest of the state. A request for this determination shall be in writing, and if the written determination approving or rejecting the proposed use is not rendered within thirty (30) days, the use is deemed approved.
Acts 2012, ch. 605, § 2.
Tenn. Code Ann. § 9-20-103 — TN Code / Title 9 / Chapter 20 / Section 9-20-103
Authority for allocating state's bond authority
Status: in_force

There is hereby created in the department of economic and community development the authority for the commissioner, under this chapter, to allocate the state's bond authority among governmental units having authority to issue bonds. Acts 1985, ch. 237, § 3.
There is hereby created in the department of economic and community development the authority for the commissioner, under this chapter, to allocate the state's bond authority among governmental units having authority to issue bonds.
Acts 1985, ch. 237, § 3.
Tenn. Code Ann. § 9-8-203 — TN Code / Title 9 / Chapter 8 / Section 9-8-203
Part definitions
Status: in_force

(a) As used in this part, unless the context otherwise requires: (1) "Fund" means the Tennessee educator liability fund; (2) "Student teacher" means an individual enrolled as a student in an institution of higher education approved by the state board of education for teacher training, who is jointly assigned by the institution of higher education and either a local board of education or a charter school to teach under the direction of a licensed teacher employed by the local board of education or the charter school; (3) "Teacher": (A) Means any individual employed by a local board of education in a position that requires a license issued by the department of education for service in public elementary and secondary schools of this state, supported, in whole or in part, by local, state, or federal funds; and (B) Includes an individual employed at a public charter school in a position that requires a license issued by the department of education for service in a public elementary and secondary school of this state. (b) For the purposes of this part, teachers and student teachers shall not be considered "state employees" as defined in § 8-42-101 . Acts 2015, ch. 493, § 1.
(a) As used in this part, unless the context otherwise requires: (1) "Fund" means the Tennessee educator liability fund; (2) "Student teacher" means an individual enrolled as a student in an institution of higher education approved by the state board of education for teacher training, who is jointly assigned by the institution of higher education and either a local board of education or a charter school to teach under the direction of a licensed teacher employed by the local board of education or the charter school; (3) "Teacher": (A) Means any individual employed by a local board of education in a position that requires a license issued by the department of education for service in public elementary and secondary schools of this state, supported, in whole or in part, by local, state, or federal funds; and (B) Includes an individual employed at a public charter school in a position that requires a license issued by the department of education for service in a public elementary and secondary school of this state.
(1) "Fund" means the Tennessee educator liability fund;
(2) "Student teacher" means an individual enrolled as a student in an institution of higher education approved by the state board of education for teacher training, who is jointly assigned by the institution of higher education and either a local board of education or a charter school to teach under the direction of a licensed teacher employed by the local board of education or the charter school;
(3) "Teacher": (A) Means any individual employed by a local board of education in a position that requires a license issued by the department of education for service in public elementary and secondary schools of this state, supported, in whole or in part, by local, state, or federal funds; and (B) Includes an individual employed at a public charter school in a position that requires a license issued by the department of education for service in a public elementary and secondary school of this state.
(A) Means any individual employed by a local board of education in a position that requires a license issued by the department of education for service in public elementary and secondary schools of this state, supported, in whole or in part, by local, state, or federal funds; and
(B) Includes an individual employed at a public charter school in a position that requires a license issued by the department of education for service in a public elementary and secondary school of this state.
(b) For the purposes of this part, teachers and student teachers shall not be considered "state employees" as defined in § 8-42-101 .
Acts 2015, ch. 493, § 1.
Tenn. Code Ann. § 9-4-109 — TN Code / Title 9 / Chapter 4 / Section 9-4-109
Applicability of this part and parts 3 and 5 of this chapter - "State treasurer" construed
Status: in_force

(a) Parts 1, 3 and 5 of this chapter apply to the deposit of all public funds by counties and municipalities including, but not limited to, those deposited under §§ 5-8-201 , 5-8-207 , 5-8-301(b)(2) , 6-4-402 , 6-22-120 , 6-35-313 , 6-56-106 , and 6-56-110 . No private act shall provide for the deposit or security for public funds in any manner or under any terms other than that provided in this chapter. (b) For the purpose of carrying out this section, any reference to the state treasurer or any other state official in this part and part 4 of this chapter is deemed to mean the county or municipal official charged with the deposit of county or municipal funds, and shall not require the state treasurer nor any other state official to perform any deposit, collateral nor safekeeping services on behalf of the local government. Acts 1994, ch. 752, § 9; 1996, ch. 621, § 1; T.C.A. § 9-4-111 .
(a) Parts 1, 3 and 5 of this chapter apply to the deposit of all public funds by counties and municipalities including, but not limited to, those deposited under §§ 5-8-201 , 5-8-207 , 5-8-301(b)(2) , 6-4-402 , 6-22-120 , 6-35-313 , 6-56-106 , and 6-56-110 . No private act shall provide for the deposit or security for public funds in any manner or under any terms other than that provided in this chapter.
(b) For the purpose of carrying out this section, any reference to the state treasurer or any other state official in this part and part 4 of this chapter is deemed to mean the county or municipal official charged with the deposit of county or municipal funds, and shall not require the state treasurer nor any other state official to perform any deposit, collateral nor safekeeping services on behalf of the local government.
Acts 1994, ch. 752, § 9; 1996, ch. 621, § 1; T.C.A. § 9-4-111 .
Tenn. Code Ann. § 9-4-403 — TN Code / Title 9 / Chapter 4 / Section 9-4-403
Giving of security
Status: in_force

All state funds held in state depositories shall be secured by required collateral as provided in § 9-4-404 , except for funds on deposit in the name of the state with a federal reserve bank. Amended by 2017 Tenn. Acts, ch. 65,s 2, eff. 3/31/2017. Acts 1985, ch. 118, § 33.
All state funds held in state depositories shall be secured by required collateral as provided in § 9-4-404 , except for funds on deposit in the name of the state with a federal reserve bank.
Amended by 2017 Tenn. Acts, ch. 65,s 2, eff. 3/31/2017.
Acts 1985, ch. 118, § 33.
Tenn. Code Ann. § 9-4-812 — TN Code / Title 9 / Chapter 4 / Section 9-4-812
[Repealed]
Status: repealed

Repealed by 2017 Tenn. Acts, ch. 65, s 3, eff. 3/31/2017. Acts 1989, ch. 115, § 1.
Repealed by 2017 Tenn. Acts, ch. 65, s 3, eff. 3/31/2017.
Acts 1989, ch. 115, § 1.
Tenn. Code Ann. § 9-1-109 — TN Code / Title 9 / Chapter 1 / Section 9-1-109
Penalties for nonpayment of checks or money orders
Status: in_force

If any check or money order so received is not duly paid, in addition to other penalties provided by law, there shall be paid as a penalty by the person who tendered such check or money order, upon written notice and demand by the state, county or municipal officer to whom such check was tendered, an amount equal to one percent (1%) of the amount of such check or money order, except that if the amount of the check or money order is less than two thousand dollars ($2,000), the penalty under this section shall be twenty dollars ($20.00) or the amount of the check, whichever is lesser. Acts 1969, ch. 303, § 2; T.C.A., § 9-109; Acts 1992, ch. 962, § 2.
If any check or money order so received is not duly paid, in addition to other penalties provided by law, there shall be paid as a penalty by the person who tendered such check or money order, upon written notice and demand by the state, county or municipal officer to whom such check was tendered, an amount equal to one percent (1%) of the amount of such check or money order, except that if the amount of the check or money order is less than two thousand dollars ($2,000), the penalty under this section shall be twenty dollars ($20.00) or the amount of the check, whichever is lesser.
Acts 1969, ch. 303, § 2; T.C.A., § 9-109; Acts 1992, ch. 962, § 2.
Tenn. Code Ann. § 9-20-106 — TN Code / Title 9 / Chapter 20 / Section 9-20-106
Administration of part
Status: in_force

This chapter shall be administered under the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. Acts 1985, ch. 237, § 7.
This chapter shall be administered under the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
Acts 1985, ch. 237, § 7.
Tenn. Code Ann. § 9-4-304 — TN Code / Title 9 / Chapter 4 / Section 9-4-304
Service charges on state accounts
Status: in_force

Whenever interest bearing accounts are established by the state treasurer or other state official pursuant to § 9-4-301 , § 9-4-302 or § 9-4-307 , reasonable service charges may be deducted from interest income pursuant to procedures established by the state treasurer and commissioner of finance and administration. There is hereby appropriated from interest income an amount sufficient to pay such charges. Acts 1985, ch. 118, § 27.
Whenever interest bearing accounts are established by the state treasurer or other state official pursuant to § 9-4-301 , § 9-4-302 or § 9-4-307 , reasonable service charges may be deducted from interest income pursuant to procedures established by the state treasurer and commissioner of finance and administration. There is hereby appropriated from interest income an amount sufficient to pay such charges.
Acts 1985, ch. 118, § 27.
Tenn. Code Ann. § 9-4-5605 — TN Code / Title 9 / Chapter 4 / Section 9-4-5605
Legislative intent
Status: in_force

(a) It is the legislative intent that the requirements of this part constitute a new approach to measuring the strategic functions and operations of each department in order for the state government to operate more efficiently and effectively. (b) The comptroller of the treasury shall have authority to employ outside consultants and entities with expertise in governmental finance and performance review for the purpose of conducting performance reviews or otherwise fulfilling the comptroller's duties under this part. The performance reviews required under this part may be conducted by a private entity selected by the comptroller, subject to the competitive bidding requirements of title 12, chapter 4. Amended by 2013 Tenn. Acts, ch. 243,s 11, eff. 4/19/2013. Acts 2002, ch. 875, § 1.
(a) It is the legislative intent that the requirements of this part constitute a new approach to measuring the strategic functions and operations of each department in order for the state government to operate more efficiently and effectively.
(b) The comptroller of the treasury shall have authority to employ outside consultants and entities with expertise in governmental finance and performance review for the purpose of conducting performance reviews or otherwise fulfilling the comptroller's duties under this part. The performance reviews required under this part may be conducted by a private entity selected by the comptroller, subject to the competitive bidding requirements of title 12, chapter 4.
Amended by 2013 Tenn. Acts, ch. 243,s 11, eff. 4/19/2013.
Acts 2002, ch. 875, § 1.
Tenn. Code Ann. § 9-21-309 — TN Code / Title 9 / Chapter 21 / Section 9-21-309
Recourse restricted to revenues
Status: in_force

(a) No recourse shall be had for the payment of the revenue bonds, or interest thereon, or any part thereof, against the general funds of any local government, nor shall the full faith and credit or taxing power of any local government be deemed to be pledged to the payment of the revenue bonds. (b) The revenue bonds, and interest thereon, shall not be a debt of the local government, nor a charge, lien or encumbrance, legal or equitable, upon any property of the local government or upon any income, receipts or revenues of the local government other than the revenues that shall have been pledged to the payment of the revenue bonds. Every revenue bond shall recite in substance that the bond, including interest thereon, is payable solely from the revenues pledged to the payment thereof and that the local government is under no obligation to pay the same, except from those revenues. Acts 1986, ch. 770, § 3-9.
(a) No recourse shall be had for the payment of the revenue bonds, or interest thereon, or any part thereof, against the general funds of any local government, nor shall the full faith and credit or taxing power of any local government be deemed to be pledged to the payment of the revenue bonds.
(b) The revenue bonds, and interest thereon, shall not be a debt of the local government, nor a charge, lien or encumbrance, legal or equitable, upon any property of the local government or upon any income, receipts or revenues of the local government other than the revenues that shall have been pledged to the payment of the revenue bonds. Every revenue bond shall recite in substance that the bond, including interest thereon, is payable solely from the revenues pledged to the payment thereof and that the local government is under no obligation to pay the same, except from those revenues.
Acts 1986, ch. 770, § 3-9.
Tenn. Code Ann. § 9-4-702 — TN Code / Title 9 / Chapter 4 / Section 9-4-702
Local government investment pool - Termination - Custody of funds
Status: in_force

The local government investment pool in existence as of April 14, 2022, remains in full force and effect if and until the state funding board terminates the fund pursuant to this part, and is subject to the provisions of this part. The funds invested in the local government investment pool must be in the custody of the state treasurer or the agents of the state treasurer for investment, reinvestment, and the administration of the fund. Amended by 2022 Tenn. Acts, ch. 824, s 2, eff. 4/14/2022. Amended by 2013 Tenn. Acts, ch. 208, s 8, eff. 4/23/2013. Acts 1985, ch. 118, § 49.
The local government investment pool in existence as of April 14, 2022, remains in full force and effect if and until the state funding board terminates the fund pursuant to this part, and is subject to the provisions of this part. The funds invested in the local government investment pool must be in the custody of the state treasurer or the agents of the state treasurer for investment, reinvestment, and the administration of the fund.
Amended by 2022 Tenn. Acts, ch. 824, s 2, eff. 4/14/2022.
Amended by 2013 Tenn. Acts, ch. 208, s 8, eff. 4/23/2013.
Acts 1985, ch. 118, § 49.
Tenn. Code Ann. § 9-3-602 — TN Code / Title 9 / Chapter 3 / Section 9-3-602
[Repealed effective 6/30/2025] Part definitions
Status: repealed

As used in this part: (1) "Blockchain" means a decentralized data system in which the data stored is mathematically verifiable that uses distributed ledger technology, as defined in § 47-10-201 , or databases to store specialized data in the permanent order of transactions recorded; (2) "Cryptocurrency" means a virtual currency that utilizes cryptography to validate and secure transactions that are digitally recorded through distributed ledger technology; (3) "Governmental entity" means a local governmental entity, including, but not limited to, a municipality, metropolitan government, county, utility district, school district, public building authority, and development district created and existing pursuant to the laws of this state, or an instrumentality of government created by one (1) or more of the named local governmental entities or by an act of the general assembly; (4) "Non-fungible token" means a non-fungible cryptographic asset on a blockchain that possesses unique identifiers or other metadata that distinguishes the asset from another token or asset in a manner that makes the asset irreplaceable and non-exchangeable for a similar token or asset; and (5) "Virtual currency" means a digital representation of value that functions as a medium of exchange, a unit of discount, or a store of value, but does not have legal tender status in the United States. Added by 2022 Tenn. Acts, ch. 861, s 1, eff. 4/14/2022.
As used in this part:
(1) "Blockchain" means a decentralized data system in which the data stored is mathematically verifiable that uses distributed ledger technology, as defined in § 47-10-201 , or databases to store specialized data in the permanent order of transactions recorded;
(2) "Cryptocurrency" means a virtual currency that utilizes cryptography to validate and secure transactions that are digitally recorded through distributed ledger technology;
(3) "Governmental entity" means a local governmental entity, including, but not limited to, a municipality, metropolitan government, county, utility district, school district, public building authority, and development district created and existing pursuant to the laws of this state, or an instrumentality of government created by one (1) or more of the named local governmental entities or by an act of the general assembly;
(4) "Non-fungible token" means a non-fungible cryptographic asset on a blockchain that possesses unique identifiers or other metadata that distinguishes the asset from another token or asset in a manner that makes the asset irreplaceable and non-exchangeable for a similar token or asset; and
(5) "Virtual currency" means a digital representation of value that functions as a medium of exchange, a unit of discount, or a store of value, but does not have legal tender status in the United States.
Added by 2022 Tenn. Acts, ch. 861, s 1, eff. 4/14/2022.
Tenn. Code Ann. § 9-21-120 — TN Code / Title 9 / Chapter 21 / Section 9-21-120
Bond and note issues validated
Status: in_force

(a) All bonds and notes issued prior to July 1, 1986, and all proceedings theretofore taken to authorize the issuance of bonds or notes by any local government of this state for any purpose which is designated a public works project by this chapter, are hereby ratified, validated and confirmed, and such bonds and notes are hereby declared to be valid and legally binding obligations payable in accordance with their terms, notwithstanding any lack of power of the governing body of the local government to authorize and issue such bonds or notes and to provide for the payment thereof in the manner stated in such bonds or notes and in the proceedings authorizing their issuance, and further notwithstanding any defects or irregularities in any such proceedings, or the failure of any such proceedings, authorizing any such bonds or notes, to comply with any of the provisions of this chapter or with any of the provisions of any other applicable section or chapter or any applicable general or special law or charter. (b) The disposition of proceeds of all capital outlay notes issued prior to January 15, 1998, for school purposes, by a county or metropolitan government which contains within its boundaries a special school district and/or incorporated town or city maintaining a public school system separate from the county or metropolitan government public school system, is hereby declared to be valid and legally binding unless proceedings which challenge the disposition of such proceeds have been instituted in any court in this state before January 15, 1998. Acts 1986, ch. 770, § 1-20; 1998, ch. 903, § 1.
(a) All bonds and notes issued prior to July 1, 1986, and all proceedings theretofore taken to authorize the issuance of bonds or notes by any local government of this state for any purpose which is designated a public works project by this chapter, are hereby ratified, validated and confirmed, and such bonds and notes are hereby declared to be valid and legally binding obligations payable in accordance with their terms, notwithstanding any lack of power of the governing body of the local government to authorize and issue such bonds or notes and to provide for the payment thereof in the manner stated in such bonds or notes and in the proceedings authorizing their issuance, and further notwithstanding any defects or irregularities in any such proceedings, or the failure of any such proceedings, authorizing any such bonds or notes, to comply with any of the provisions of this chapter or with any of the provisions of any other applicable section or chapter or any applicable general or special law or charter.
(b) The disposition of proceeds of all capital outlay notes issued prior to January 15, 1998, for school purposes, by a county or metropolitan government which contains within its boundaries a special school district and/or incorporated town or city maintaining a public school system separate from the county or metropolitan government public school system, is hereby declared to be valid and legally binding unless proceedings which challenge the disposition of such proceeds have been instituted in any court in this state before January 15, 1998.
Acts 1986, ch. 770, § 1-20; 1998, ch. 903, § 1.
Tenn. Code Ann. § 9-2-101 — TN Code / Title 9 / Chapter 2 / Section 9-2-101
Sources of revenue
Status: in_force

The revenue of the state is derived from taxes on property, incomes, sales of land, the exercise of privileges, litigation, from fines, forfeitures and escheats, from merchants, from peddlers, and from inheritance taxes, jail fees and interest. Code 1858, § 538; Shan., § 685; mod. Code 1932, § 1081; T.C.A. (orig. ed.), § 9-201.
The revenue of the state is derived from taxes on property, incomes, sales of land, the exercise of privileges, litigation, from fines, forfeitures and escheats, from merchants, from peddlers, and from inheritance taxes, jail fees and interest.
Code 1858, § 538; Shan., § 685; mod. Code 1932, § 1081; T.C.A. (orig. ed.), § 9-201.
Tenn. Code Ann. § 9-4-5303 — TN Code / Title 9 / Chapter 4 / Section 9-4-5303
List of laws requiring increased local government expenditures - Report of allocations required to provide funding
Status: in_force

(a) Prior to approval of the general appropriation act by committees on finance, ways and means of the senate and the house of representatives, the commissioner of finance and administration shall certify in writing to the chairs of those committees a listing of all laws of general application which have been adopted and signed by the governor, whose passage will require increased incorporated municipality expenditures or county government expenditures within the meaning of the fourth paragraph of the Constitution of Tennessee, Article II, § 24. (b) Such certification shall, to the extent possible, cite the specific costs attributed to each law by the fiscal notes prepared by the fiscal review committee, with such adjustments as are necessary to reflect the effect of any amendments or other changing circumstances. (c) Following receipt of such certification from the commissioner, the committees shall report in writing to the speakers of the house of representatives and the senate, with copy to the commissioner and the comptroller of the treasury, the extent of allocations from the increases in the funds identified in § 9-4-5301 required to provide the state's share of the funding of any such incorporated municipality expenditure increase or county government expenditure increase. (d) Any law of general application requiring increased incorporated municipality expenditures or increased county government expenditures which passes and is signed following the certification required by this section shall be identified in like manner in a supplemental certification to the committees, which shall file with the speakers, with copy to the commissioner and the comptroller of the treasury, a cumulative report indicating total assessments against such increases identified in § 9-4-5302 . Acts 1979, ch. 436, § 3; T.C.A., §§ 9-633, 9-6-303.
(a) Prior to approval of the general appropriation act by committees on finance, ways and means of the senate and the house of representatives, the commissioner of finance and administration shall certify in writing to the chairs of those committees a listing of all laws of general application which have been adopted and signed by the governor, whose passage will require increased incorporated municipality expenditures or county government expenditures within the meaning of the fourth paragraph of the Constitution of Tennessee, Article II, § 24.
(b) Such certification shall, to the extent possible, cite the specific costs attributed to each law by the fiscal notes prepared by the fiscal review committee, with such adjustments as are necessary to reflect the effect of any amendments or other changing circumstances.
(c) Following receipt of such certification from the commissioner, the committees shall report in writing to the speakers of the house of representatives and the senate, with copy to the commissioner and the comptroller of the treasury, the extent of allocations from the increases in the funds identified in § 9-4-5301 required to provide the state's share of the funding of any such incorporated municipality expenditure increase or county government expenditure increase.
(d) Any law of general application requiring increased incorporated municipality expenditures or increased county government expenditures which passes and is signed following the certification required by this section shall be identified in like manner in a supplemental certification to the committees, which shall file with the speakers, with copy to the commissioner and the comptroller of the treasury, a cumulative report indicating total assessments against such increases identified in § 9-4-5302 .
Acts 1979, ch. 436, § 3; T.C.A., §§ 9-633, 9-6-303.
Tenn. Code Ann. § 9-4-905 — TN Code / Title 9 / Chapter 4 / Section 9-4-905
Purpose of fund
Status: in_force

The state office buildings and support facilities revolving fund is to provide for: (1) Operating expenses for office buildings and support facilities; (2) Debt service payments on general obligation bonds authorized to build or acquire office buildings and support facilities; (3) Routine maintenance expenditures on office buildings and support facilities; (4) Major maintenance and renovation projects for office buildings and support facilities as approved by the state building commission; (5) Relocation expenses for state agencies; (6) Payments for leased space occupied by state agencies; and (7) Payments to build or acquire buildings or support facilities as approved by the state building commission. Acts 1993, ch. 332, § 1.
The state office buildings and support facilities revolving fund is to provide for:
(1) Operating expenses for office buildings and support facilities;
(2) Debt service payments on general obligation bonds authorized to build or acquire office buildings and support facilities;
(3) Routine maintenance expenditures on office buildings and support facilities;
(4) Major maintenance and renovation projects for office buildings and support facilities as approved by the state building commission;
(5) Relocation expenses for state agencies;
(6) Payments for leased space occupied by state agencies; and
(7) Payments to build or acquire buildings or support facilities as approved by the state building commission.
Acts 1993, ch. 332, § 1.
Tenn. Code Ann. § 9-8-311 — TN Code / Title 9 / Chapter 8 / Section 9-8-311
Confidentiality of medical records maintained by commission
Status: in_force

(a) Medical records received and maintained by the commission shall be treated as confidential and shall not be open for inspection by members of the public pursuant to title 10, chapter 7. (b) As used in this section: (1) "Healthcare provider" means healthcare professionals, establishments, or facilities licensed, registered, certified, or permitted pursuant to title 63 or title 68 and regulated under the authority of either the department of health or any agency, board, council, or committee attached to the department of health; and (2) "Medical record" means any and all documents maintained by a healthcare provider relating to a patient's diagnosis, care, and treatment, including, but not limited to, notes, reports, memos, e-mails, facsimile transmissions, laboratory tests, billing documents, and medication orders. Added by 2015 Tenn. Acts, ch. 47,s 1, eff. 3/27/2015.
(a) Medical records received and maintained by the commission shall be treated as confidential and shall not be open for inspection by members of the public pursuant to title 10, chapter 7.
(b) As used in this section: (1) "Healthcare provider" means healthcare professionals, establishments, or facilities licensed, registered, certified, or permitted pursuant to title 63 or title 68 and regulated under the authority of either the department of health or any agency, board, council, or committee attached to the department of health; and (2) "Medical record" means any and all documents maintained by a healthcare provider relating to a patient's diagnosis, care, and treatment, including, but not limited to, notes, reports, memos, e-mails, facsimile transmissions, laboratory tests, billing documents, and medication orders.
(1) "Healthcare provider" means healthcare professionals, establishments, or facilities licensed, registered, certified, or permitted pursuant to title 63 or title 68 and regulated under the authority of either the department of health or any agency, board, council, or committee attached to the department of health; and
(2) "Medical record" means any and all documents maintained by a healthcare provider relating to a patient's diagnosis, care, and treatment, including, but not limited to, notes, reports, memos, e-mails, facsimile transmissions, laboratory tests, billing documents, and medication orders.
Added by 2015 Tenn. Acts, ch. 47,s 1, eff. 3/27/2015.
Tenn. Code Ann. § 9-4-5304 — TN Code / Title 9 / Chapter 4 / Section 9-4-5304
Procedure for meeting requirement that state share increased expenditures
Status: in_force

For any bill requiring increased expenditures by cities and counties in an amount exceeding that level established in § 9-4-5302 , the general assembly shall follow the procedure established in this section in meeting the requirement that the state share in the cost of such bill: (1) A fiscal note prepared by the fiscal review committee shall be furnished indicating the fiscal effect of such bill and whether or not such legislation imposes an increased expenditure requirement on cities and counties; (2) If the legislation imposes an increased expenditure requirement on cities or counties, then such legislation shall be amended in committee to indicate the state share of such expenditure; (3) The sponsor of such legislation shall cause an amendment to the general appropriations act to be prepared to fund the state share and shall present such amendment to the standing committee to which such legislation is referred and to the finance, ways and means committees or on the floor of the senate or the house of representatives when the general appropriations act is being considered; and (4) Such amendment to the general appropriations act shall state the amount appropriated to fund the state share. Acts 1979, ch. 436, § 4; T.C.A., §§ 9-634, 9-6-304.
For any bill requiring increased expenditures by cities and counties in an amount exceeding that level established in § 9-4-5302 , the general assembly shall follow the procedure established in this section in meeting the requirement that the state share in the cost of such bill:
(1) A fiscal note prepared by the fiscal review committee shall be furnished indicating the fiscal effect of such bill and whether or not such legislation imposes an increased expenditure requirement on cities and counties;
(2) If the legislation imposes an increased expenditure requirement on cities or counties, then such legislation shall be amended in committee to indicate the state share of such expenditure;
(3) The sponsor of such legislation shall cause an amendment to the general appropriations act to be prepared to fund the state share and shall present such amendment to the standing committee to which such legislation is referred and to the finance, ways and means committees or on the floor of the senate or the house of representatives when the general appropriations act is being considered; and
(4) Such amendment to the general appropriations act shall state the amount appropriated to fund the state share.
Acts 1979, ch. 436, § 4; T.C.A., §§ 9-634, 9-6-304.
Tenn. Code Ann. § 9-3-404 — TN Code / Title 9 / Chapter 3 / Section 9-3-404
Penalties and restrictions for failure to implement accounting and financial reporting standards
Status: in_force

If a local government fails to implement accounting and financial reporting standards as required by the GASB, as determined by the comptroller, the following penalties or restrictions may be imposed on the noncomplying local government: (1) (A) The local government shall not be eligible for economic and community development grants funded by the state and administered by the department of economic and community development as mutually agreed upon by the comptroller and the commissioner of economic and community development, and bank excise tax and Hall income tax revenues that are collected and distributed by the state shall be reduced to an amount agreed upon by the comptroller and the commissioner of revenue, but not to exceed five percent (5%) of the total amount due the local government in any fiscal year, until the local government is in compliance with accounting and financial reporting standards required by the GASB; (B) If a school district, defined as a county, municipal or special school district or system, fails to comply, the school district shall not be eligible for certain state funded education grants administered by the department of education until the school district complies with accounting and financial reporting standards required by the GASB. The comptroller and the commissioner of education shall mutually agree to the categories of grants subject to this restriction; and (C) If a county highway department fails to comply, the comptroller and the commissioner of revenue shall agree on an amount whereby the funds that the county highway fund would otherwise receive from state gasoline tax proceeds as allocated pursuant to § 67-3-901 shall be reduced. After such amount is agreed upon, the department of revenue shall make the reductions from the monthly allocations of gasoline tax proceeds to the county. The amounts so reduced shall be held in reserve by the department of revenue and allocated to the county upon the county becoming compliant as determined by the comptroller; (2) The comptroller shall provide the local government with a list of professional accounting firms available to assist in implementation of the work plan. The local government shall provide funds for the cost of this assistance. If the local government fails to provide funds for the cost of this assistance, such cost shall become an outstanding legal obligation of the local government. If the local government fails to pay the cost, the state shall pay the cost and the local government shall be required to reimburse the state; and (3) In those county governments that fail to implement accounting and financial reporting standards required by the GASB, the comptroller shall review and evaluate the county's financial management system and make a recommendation to the county's legislative body on how to improve the financial management system to facilitate compliance with accounting and financial reporting standards. The county legislative body shall act upon the recommendation of the comptroller within ninety (90) days of notification. Amended by 2018 Tenn. Acts, ch. 499,Secs.s3, s4, s5 eff. 2/22/2018. Acts 2005, ch. 191, § 1.
If a local government fails to implement accounting and financial reporting standards as required by the GASB, as determined by the comptroller, the following penalties or restrictions may be imposed on the noncomplying local government:
(1) (A) The local government shall not be eligible for economic and community development grants funded by the state and administered by the department of economic and community development as mutually agreed upon by the comptroller and the commissioner of economic and community development, and bank excise tax and Hall income tax revenues that are collected and distributed by the state shall be reduced to an amount agreed upon by the comptroller and the commissioner of revenue, but not to exceed five percent (5%) of the total amount due the local government in any fiscal year, until the local government is in compliance with accounting and financial reporting standards required by the GASB; (B) If a school district, defined as a county, municipal or special school district or system, fails to comply, the school district shall not be eligible for certain state funded education grants administered by the department of education until the school district complies with accounting and financial reporting standards required by the GASB. The comptroller and the commissioner of education shall mutually agree to the categories of grants subject to this restriction; and (C) If a county highway department fails to comply, the comptroller and the commissioner of revenue shall agree on an amount whereby the funds that the county highway fund would otherwise receive from state gasoline tax proceeds as allocated pursuant to § 67-3-901 shall be reduced. After such amount is agreed upon, the department of revenue shall make the reductions from the monthly allocations of gasoline tax proceeds to the county. The amounts so reduced shall be held in reserve by the department of revenue and allocated to the county upon the county becoming compliant as determined by the comptroller;
(A) The local government shall not be eligible for economic and community development grants funded by the state and administered by the department of economic and community development as mutually agreed upon by the comptroller and the commissioner of economic and community development, and bank excise tax and Hall income tax revenues that are collected and distributed by the state shall be reduced to an amount agreed upon by the comptroller and the commissioner of revenue, but not to exceed five percent (5%) of the total amount due the local government in any fiscal year, until the local government is in compliance with accounting and financial reporting standards required by the GASB;
(B) If a school district, defined as a county, municipal or special school district or system, fails to comply, the school district shall not be eligible for certain state funded education grants administered by the department of education until the school district complies with accounting and financial reporting standards required by the GASB. The comptroller and the commissioner of education shall mutually agree to the categories of grants subject to this restriction; and
(C) If a county highway department fails to comply, the comptroller and the commissioner of revenue shall agree on an amount whereby the funds that the county highway fund would otherwise receive from state gasoline tax proceeds as allocated pursuant to § 67-3-901 shall be reduced. After such amount is agreed upon, the department of revenue shall make the reductions from the monthly allocations of gasoline tax proceeds to the county. The amounts so reduced shall be held in reserve by the department of revenue and allocated to the county upon the county becoming compliant as determined by the comptroller;
(2) The comptroller shall provide the local government with a list of professional accounting firms available to assist in implementation of the work plan. The local government shall provide funds for the cost of this assistance. If the local government fails to provide funds for the cost of this assistance, such cost shall become an outstanding legal obligation of the local government. If the local government fails to pay the cost, the state shall pay the cost and the local government shall be required to reimburse the state; and
(3) In those county governments that fail to implement accounting and financial reporting standards required by the GASB, the comptroller shall review and evaluate the county's financial management system and make a recommendation to the county's legislative body on how to improve the financial management system to facilitate compliance with accounting and financial reporting standards. The county legislative body shall act upon the recommendation of the comptroller within ninety (90) days of notification.
Amended by 2018 Tenn. Acts, ch. 499,Secs.s3, s4, s5 eff. 2/22/2018.
Acts 2005, ch. 191, § 1.
Tenn. Code Ann. § 9-13-201 — TN Code / Title 9 / Chapter 13 / Section 9-13-201
Short title
Status: in_force

This part shall be known and may be cited as the "Emergency Financial Aid to Local Government Law of 1995." Acts 1984, ch. 996, § 3; 1995, ch. 63, § 1.
This part shall be known and may be cited as the "Emergency Financial Aid to Local Government Law of 1995."
Acts 1984, ch. 996, § 3; 1995, ch. 63, § 1.
Tenn. Code Ann. § 9-4-5404 — TN Code / Title 9 / Chapter 4 / Section 9-4-5404
Reporting requirements
Status: in_force

Each state agency responsible for making or recommending decisions on block grants and related topics shall issue a written report by February 1 each year to the finance, ways and means committee of the senate; and the finance, ways and means committee of the house of representatives; the health and welfare committee of the senate; the health committee of the house of representatives; the energy, agriculture and natural resources committee of the senate; the agriculture and natural resources committee of the house of representatives; the legislative office of budget analysis; and the governor. This report shall detail block grant and federal devolution decisions made or recommended by the agency and how those decisions made or recommended implement or fail to implement the principles outlined in § 9-4-5403 . Each agency that submits this report shall include in the report an executive summary of the major priority decisions and reorganizations related to receipt of the federal block grants or federal devolution decisions. Amended by 2016 Tenn. Acts, ch. 797,s 1, eff. 4/14/2016. Amended by 2013 Tenn. Acts, ch. 236,s 83, eff. 4/19/2013. Acts 1996, ch. 1062, § 4; T.C.A. § 9-6-404; Acts 2010, ch. 1030, § 10; 2011, ch. 410, § 3(b); 2012, ch. 604, § 8.
Each state agency responsible for making or recommending decisions on block grants and related topics shall issue a written report by February 1 each year to the finance, ways and means committee of the senate; and the finance, ways and means committee of the house of representatives; the health and welfare committee of the senate; the health committee of the house of representatives; the energy, agriculture and natural resources committee of the senate; the agriculture and natural resources committee of the house of representatives; the legislative office of budget analysis; and the governor. This report shall detail block grant and federal devolution decisions made or recommended by the agency and how those decisions made or recommended implement or fail to implement the principles outlined in § 9-4-5403 . Each agency that submits this report shall include in the report an executive summary of the major priority decisions and reorganizations related to receipt of the federal block grants or federal devolution decisions.
Amended by 2016 Tenn. Acts, ch. 797,s 1, eff. 4/14/2016.
Amended by 2013 Tenn. Acts, ch. 236,s 83, eff. 4/19/2013.
Acts 1996, ch. 1062, § 4; T.C.A. § 9-6-404; Acts 2010, ch. 1030, § 10; 2011, ch. 410, § 3(b); 2012, ch. 604, § 8.
Tenn. Code Ann. § 9-9-208 — TN Code / Title 9 / Chapter 9 / Section 9-9-208
Authorization to cancel bonds - Factors in determination
Status: in_force

The funding board is authorized, empowered and directed to cancel bonds authorized to be issued by the funding board upon its determination by resolution that one (1) of the following has occurred and the canceled amount of that bond authorization is no longer needed to fund the authorized project: (1) The project has been financed with commercial paper and the commercial paper has been retired in whole or in part without issuance of bonds; (2) The project was authorized to be financed with bonds but was financed in whole or in part with current funds; (3) The bonds were authorized but are no longer necessary for a governmental purpose; or (4) The amount of the remaining authorization is de minimis and as such will not be utilized. Amended by 2014 Tenn. Acts, ch. 824,s 1, eff. 4/29/2014. Acts 2009, ch. 311, § 1.
The funding board is authorized, empowered and directed to cancel bonds authorized to be issued by the funding board upon its determination by resolution that one (1) of the following has occurred and the canceled amount of that bond authorization is no longer needed to fund the authorized project:
(1) The project has been financed with commercial paper and the commercial paper has been retired in whole or in part without issuance of bonds;
(2) The project was authorized to be financed with bonds but was financed in whole or in part with current funds;
(3) The bonds were authorized but are no longer necessary for a governmental purpose; or
(4) The amount of the remaining authorization is de minimis and as such will not be utilized.
Amended by 2014 Tenn. Acts, ch. 824,s 1, eff. 4/29/2014.
Acts 2009, ch. 311, § 1.
Tenn. Code Ann. § 9-18-102 — TN Code / Title 9 / Chapter 18 / Section 9-18-102
Internal controls - Management assessment of risk
Status: in_force

(a) Each agency of state government and institution of higher education along with each county, municipal, and metropolitan government shall establish and maintain internal controls, which shall provide reasonable assurance that: (1) Obligations and costs are in compliance with applicable law; (2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3) Revenues and expenditures are properly recorded and accounted for to permit the preparation of accurate and reliable financial and statistical reports and to maintain accountability over the assets. (b) To document compliance with the requirements set forth in subsection (a), each agency of state government and institution of higher education shall annually perform a management assessment of risk. The internal controls discussed in subsection (a) should be incorporated into this assessment. The objectives of the annual risk assessment are to provide reasonable assurance of the following: (1) Accountability for meeting program objectives; (2) Promoting operational efficiency and effectiveness; (3) Improving reliability of financial statements; (4) Strengthening compliance with laws, regulations, rules, and contracts and grant agreements; and (5) Reducing the risk of financial or other asset losses due to fraud, waste and abuse. Amended by 2015 Tenn. Acts, ch. 112, s 1, eff. 6/30/2016. Acts 1983, ch. 129, § 1; 1998, ch. 664, §§1, 2; 2008 , ch. 750, § 1.
(a) Each agency of state government and institution of higher education along with each county, municipal, and metropolitan government shall establish and maintain internal controls, which shall provide reasonable assurance that: (1) Obligations and costs are in compliance with applicable law; (2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3) Revenues and expenditures are properly recorded and accounted for to permit the preparation of accurate and reliable financial and statistical reports and to maintain accountability over the assets.
(1) Obligations and costs are in compliance with applicable law;
(2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and
(3) Revenues and expenditures are properly recorded and accounted for to permit the preparation of accurate and reliable financial and statistical reports and to maintain accountability over the assets.
(b) To document compliance with the requirements set forth in subsection (a), each agency of state government and institution of higher education shall annually perform a management assessment of risk. The internal controls discussed in subsection (a) should be incorporated into this assessment. The objectives of the annual risk assessment are to provide reasonable assurance of the following: (1) Accountability for meeting program objectives; (2) Promoting operational efficiency and effectiveness; (3) Improving reliability of financial statements; (4) Strengthening compliance with laws, regulations, rules, and contracts and grant agreements; and (5) Reducing the risk of financial or other asset losses due to fraud, waste and abuse.
(1) Accountability for meeting program objectives;
(2) Promoting operational efficiency and effectiveness;
(3) Improving reliability of financial statements;
(4) Strengthening compliance with laws, regulations, rules, and contracts and grant agreements; and
(5) Reducing the risk of financial or other asset losses due to fraud, waste and abuse.
Amended by 2015 Tenn. Acts, ch. 112, s 1, eff. 6/30/2016.
Acts 1983, ch. 129, § 1; 1998, ch. 664, §§1, 2; 2008 , ch. 750, § 1.
Tenn. Code Ann. § 9-8-406 — TN Code / Title 9 / Chapter 8 / Section 9-8-406
Representation of state - Negotiation of prehearing claim settlements
Status: in_force

The attorney general and reporter shall represent the state in all claims before the commission; however, the attorney general and reporter may delegate to the department of the treasury or the governmental entity against which the claim is made the authority to negotiate prehearing claim settlements, and to represent the state in proceedings before the claims commission or any portion of that authority which the attorney general and reporter deems appropriate. Acts 1984, ch. 972, § 14.
The attorney general and reporter shall represent the state in all claims before the commission; however, the attorney general and reporter may delegate to the department of the treasury or the governmental entity against which the claim is made the authority to negotiate prehearing claim settlements, and to represent the state in proceedings before the claims commission or any portion of that authority which the attorney general and reporter deems appropriate.
Acts 1984, ch. 972, § 14.
Tenn. Code Ann. § 9-3-601 — TN Code / Title 9 / Chapter 3 / Section 9-3-601
[Repealed effective 6/30/2025] Restrictions on payment or conversion of compensation or funds to blockchain, cryptocurrency, non - Fungible tokens, or virtual currency
Status: repealed

(a) Notwithstanding another law to the contrary, a governmental entity shall not pay, compensate, award, or remit funds in the form of, or facilitate directly or indirectly the conversion of compensation or funds to, blockchain, cryptocurrency, non-fungible tokens, or virtual currency to an individual person, corporation, or other entity without the prior written approval of the state treasurer. (b) A governmental entity shall not procure services for the performance of the actions prohibited by subsection (a) without the prior written approval of the state treasurer. Added by 2022 Tenn. Acts, ch. 861, s 1, eff. 4/14/2022.
(a) Notwithstanding another law to the contrary, a governmental entity shall not pay, compensate, award, or remit funds in the form of, or facilitate directly or indirectly the conversion of compensation or funds to, blockchain, cryptocurrency, non-fungible tokens, or virtual currency to an individual person, corporation, or other entity without the prior written approval of the state treasurer.
(b) A governmental entity shall not procure services for the performance of the actions prohibited by subsection (a) without the prior written approval of the state treasurer.
Added by 2022 Tenn. Acts, ch. 861, s 1, eff. 4/14/2022.
Tenn. Code Ann. § 9-4-5406 — TN Code / Title 9 / Chapter 4 / Section 9-4-5406
Report summarizing funds allocated
Status: in_force

On or before February 1 of each year, each state agency shall submit a written report to the clerks of the senate and the house of representatives to be distributed to all members of the finance, ways and means committees of the senate and the house of representatives summarizing the amount of funds allocated from federal block grants or other federal funds in the preceding fiscal year. The report must also summarize the purposes for which the funds were expended in such fiscal year, the amount of such funds that was unexpended, and any amount that was returned to the federal agency that supplied the original federal block grant or funds. Added by 2021 Tenn. Acts, ch. 192, s 1, eff. 4/22/2021.
On or before February 1 of each year, each state agency shall submit a written report to the clerks of the senate and the house of representatives to be distributed to all members of the finance, ways and means committees of the senate and the house of representatives summarizing the amount of funds allocated from federal block grants or other federal funds in the preceding fiscal year. The report must also summarize the purposes for which the funds were expended in such fiscal year, the amount of such funds that was unexpended, and any amount that was returned to the federal agency that supplied the original federal block grant or funds.
Added by 2021 Tenn. Acts, ch. 192, s 1, eff. 4/22/2021.