reglab/housing_qa huggingface dataset:
TN Code § 4-31-602 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-602. Legislative Intent

  The general assembly finds and declares that:  The construction of safety improvements for airports is an essential function of airport authorities, municipal airports, and state and local governments;   The construction of projects for airport improvements, for the mitigation of noise created by activity of an airport, for the acquisition of property and rights in property, real and personal, relating thereto, and the financing of such, are essential functions of airport authorities, municipal airports, and state and local governments; and   To the extent that financing of improvements, safety improvements and noise mitigation for airport authorities and municipal airports can be accomplished through the pooling of needs and the use of less costly borrowing techniques, airport authorities, municipal airports and local governments would be better able to provide improvements, safety improvements and noise mitigation for the benefit of citizens.      It is accordingly in furtherance of the interest and welfare of all Tennesseans that the Tennessee local development authority be empowered to issue its revenue bonds and to make proceeds available for loans to airport authorities and municipal airports for improvements, safety improvements and noise mitigation projects at a cost lower than would otherwise be obtainable.   It is intended that the Tennessee local development authority be vested with all powers necessary to accomplish these purposes.
TN Code § 4-31-603 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-603. Part Definitions

 As used in this part, unless the context otherwise requires:   “Airport” means and includes any one (1) or more airports or heliports and related facilities of an airport authority or municipal airport, including, but not limited to, land and interests in land, facilities for storage of air and space craft, navigation and landing aids, taxiways, pads, aprons, control towers, passenger and cargo terminal buildings, hangars, administration and office buildings, garages, parking lots, and such other structures, facilities and improvements necessary or convenient to the development and maintenance of airports and heliports, and for the promotion and accommodation of air and space travel, commerce and navigation;   “Airport authority” means those airport authorities created pursuant to title 42, chapter 3 and those metropolitan airport authorities created pursuant to title 42, chapter 4;   “Construction” means the building, reconstruction, creation, replacement, extension, repair, betterment, improvement, installation, alteration, equipping, extension, development, acquisition by gift, lease, purchase, or the exercise of the right of eminent domain, or any one (1) or more of the foregoing, including the acquisition of property and rights in property, real and personal;   “Loan agreement” means a contractual arrangement by and between an airport authority or a municipal airport and the authority and, in the discretion of the authority, the creating or participating municipality providing the guaranty, pursuant to and in accordance with this part;   “Municipal airport” means those county or municipal airports created pursuant to title 42, chapter 5; and   “Project” means any one (1) or any combination of the following: safety improvements for airports; mitigation of noise created by activity of an airport, including the acquisition of property and rights in property, real and personal, related thereto; and for any purpose for which bonds or notes can be issued pursuant to the Metropolitan Airport Authority Act, compiled in title 42, chapter 4.
TN Code § 4-31-604 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-604. Financing of Projects for Use of Airport Authorities and Municipal Airports — Schedule of Payments

  For the purpose of providing moneys to fund loans authorized by this part, the authority, in addition to the powers otherwise created by law, has the power and is hereby authorized to issue from time to time negotiable bonds and notes of the authority in an amount not to exceed two hundred million dollars ($200,000,000) in accordance with the terms of this part.   Bonds or notes issued pursuant to this part shall not be issued and sold as part of an issue of bonds or notes of the authority issued pursuant to any other provisions of this chapter or any other law; provided, that the foregoing shall not prohibit the issuance of separate issues of bonds or notes pursuant to this part.   In addition to the powers otherwise granted by law, the authority has the power and is authorized to make loans to any airport authority or municipal airport that has obtained the guaranty of a creating municipality or participating municipality pursuant to § 4-31-607, for the financing of projects for airport authorities or municipal airports pursuant to a loan agreement. Such loans shall be made from the proceeds of bonds or notes issued by the authority for the purpose of making such loans.    The authority shall establish a repayment schedule to be made by an airport authority or municipal airport under a loan agreement. Such repayments shall be in such amounts as will be at least sufficient, together with other funds available therefor, to pay the principal of, and interest on, bonds and notes issued by the authority for the purpose of providing loans to airport authorities or municipal airports for the financing of projects, and as may be necessary for the authority to maintain a reserve for debt service. The authority may collect an administrative fee in addition to such repayment schedule in an amount as may be set forth in the loan agreement.   The annual repayment schedule for each loan shall be, in cases prior to the funding of such loans or where such loans have been financed on an interim basis other than by bonds, an estimated annual repayment schedule showing debt service requirements under the loan agreement as if the bonds to be issued to fund such loans will bear interest at a rate per annum and mature in such manner as the authority shall establish at the time of the approval of each such loan and, in cases where bonds have been issued to fund such loan, the actual debt service requirements on such bonds.
TN Code § 4-31-605 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-605. Administration of Loans

  The authority shall administer loans made under this part.   In so doing, the authority may adopt rules and regulations necessary for the effective administration of this part, including the promulgation of prerequisites that must be fulfilled by an airport authority or municipal airport in order to be eligible for a loan, procedures to be followed in making loan applications to the authority, procedures to be followed in the disbursement of loan funds, and procedures for enforcing loan agreements entered into by an airport authority or municipal airport with the authority.
TN Code § 4-31-606 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-606. Loan Agreements

  Subject to § 4-31-605 and subject to any existing contractual obligations of the airport authority or municipal airport, the authority may enter into a loan agreement with any airport authority or municipal airport, and any airport authority or municipal airport may enter into a loan agreement with the authority, for loans for financing projects, if such repayment under such loan agreement is guaranteed or secured by a creating municipality or participating municipality as set forth in § 4-31-607.   Any loan agreement may include such provisions as may be agreed upon by the authority and the airport authority or municipal airport, subject to § 4-31-605 and shall additionally include, in substance, the following:  The amount of the loan, not to exceed the estimated reasonable cost of the project to be financed, as determined by the authority; and   An agreement by the airport authority or municipal airport to:  Proceed expeditiously with, and complete, the project in accordance with the loan agreement approved pursuant to this part;   Not dispose of the project without the prior approval of the authority during the term of the loan agreement;   Pledge any available sources of revenues, income and charges, including grants and contributions from the federal government or other sources, make payments according to the repayment schedule established by the authority and make such payments; and   Establish and maintain adequate financial records for the project, including maintaining an inventory, cause to be made an annual audit of the financial records and transactions covering each fiscal year in accordance with generally accepted government auditing standards, and furnish a copy of such audits to the comptroller of the treasury.       Failure of an airport authority or municipal airport to file the audit required by subdivision (b)(2)(D) with the comptroller of the treasury each year, until the loan, together with interest, is totally repaid, constitutes a Class A misdemeanor, and anyone violating this provision, upon conviction, shall be liable for a fine of not less than ten dollars ($10.00) nor more than one hundred dollars ($100) for each violation, and each day of continued violation constitutes a separate offense.
TN Code § 4-31-608 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-608. Further Agreements and Guarantees With Authority

 The authority has the right to enter into such further agreements with an airport authority or municipal airport and require such further guarantees or securities as it may see fit prior to, or simultaneously with, the issuance of bonds or notes or to refuse to issue bonds or notes until such agreements or securities, in any form that the authority may elect, are agreed to or are obtained.
TN Code § 4-31-609 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-609. Approval of Agreements — Audits

 All loan agreements entered into pursuant to this part shall be subject to approval by the attorney general and reporter as to the form and by the commissioner of finance and administration, and all payments made pursuant to such loan agreement shall be as to funding approved by the authority, and such payments shall be subject to audit at any time.
TN Code § 4-31-611 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-611. Airport Authority Fund

  The authority is hereby authorized to establish in the state treasury a separate special trust fund of the authority for each separate issue of bonds or notes that is similarly secured to be known as the “airport authority fund,” and to bear such additional designation as the authority deems appropriate to properly identify each fund.    The state hereby covenants and agrees that from and after the issuance of any bonds or notes under and pursuant to this part, moneys derived by the state from payments made pursuant to loan agreements with such airport authorities or municipal airports as permitted under the terms of the loan agreements that are pledged to the payment of such bonds or notes shall be paid into the particular fund established for the issuance of bonds or notes to which such moneys are pledged.   Such moneys shall be accounted for separately from all other moneys in the state treasury and shall be applied by the authority solely for the purpose of paying principal of and interest and premium, if any, on such issue of bonds and notes issued pursuant to this section, refunding moneys due to participating airport authorities or municipal airports where appropriate, and paying all other costs incidental to the administration of the authority in connection with the loan agreements and the issuance of such issue of bonds and notes.
TN Code § 4-31-612 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-612. Enforcement of Agreements

 The authority has the right, in addition to all other rights, by mandamus or other suit, action or proceeding in any court of competent jurisdiction, to require the airport authority or municipal airport and the governing body and any proper officer, agent or employee of the airport authority or municipal airport to carry out any agreements and to perform its and their duties under this part or under any rule or regulation of the authority adopted pursuant thereto.
TN Code § 4-31-613 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-613. Debt Limit Not Applicable

 Any airport authority or municipal airport may enter into loan agreements under this part, notwithstanding and without regard to any limit on indebtedness provided by law.
TN Code § 4-31-614 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-614. Actions of Governing Body

 All action required or authorized to be taken under this part by the governing body of any airport authority or municipal airport may be by resolution, which resolution may be adopted at the meeting of the governing body at which such resolution is introduced and shall take effect immediately upon its adoption.
TN Code § 4-31-615 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 6 - Tlda Airport Loan Act of 1988|§ 4-31-615. Provisions Supplemental

  This part shall be in addition and supplemental to any other law providing for financing by airport authorities or municipal airports and shall not be deemed to amend or repeal any other law.   No proceedings by an airport authority or municipal airport shall be required for loan agreements hereunder, except as provided by this part, any law to the contrary notwithstanding.   No other requirements or restrictions applicable to borrowing by any airport authority or municipal airport contained in any other law shall be applicable to loans under this part.
TN Code § 4-31-701 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-701. Short Title

 This part shall be known and may be cited as the “Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990.”
TN Code § 4-31-702 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-702. Legislative Intent

  The general assembly finds and declares that the provision of care, rehabilitation and treatment for mental illness, intellectual and developmental disabilities, or alcohol or drug abuse or dependency is a public purpose.   The general assembly further finds and declares that, to the extent that financing the construction of facilities used in connection with the provision of mental health, intellectual and developmental disabilities, and alcohol and drug programs and services can be accomplished less expensively through the pooling together of needs and the use of less costly borrowing techniques, providers of such programs and services would be better able to construct these facilities and to provide essential programs and services for the benefit of the citizens of the state.   It is accordingly in furtherance of the interests and welfare of all Tennesseans that the Tennessee local development authority be empowered to issue its revenue bonds and to make the proceeds available for loans to mental health, intellectual and developmental disabilities, and alcohol and drug facilities for capital projects, at interest rates lower than would otherwise be obtainable from private industry.   It is intended that the Tennessee local development authority be vested with all powers necessary to accomplish these purposes.
TN Code § 4-31-703 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-703. Part Definitions

 As used in this part, unless the context otherwise requires:   “Commissioner” means the commissioner of mental health and substance abuse services when referenced in provisions relating to mental health facilities or centers and means the commissioner of intellectual and developmental disabilities when referenced in provisions relating to intellectual and developmental disabilities facilities or centers;   “Construction” means construction, acquisition, reconstruction, improvement, equipping, furnishing, bettering or extension of a facility, including paying engineering, fiscal, architectural and legal expenses incurred in connection therewith;   “Department” means the department of mental health and substance abuse services when referenced in provisions relating to mental health facilities or centers and means the department of intellectual and developmental disabilities when referenced in provisions relating to developmental disabilities facilities or centers;   “Facility” means “facility” as defined in § 33-2-402;   “Grantee” means a nonprofit, 26 U.S.C. § 501(c)(3) corporation that is licensed under §§ 33-2-402 — 33-2-415 and §§ 68-11-201 — 68-11-250, that is under a grant contract with the department, and that has the primary purpose of delivering mental health, developmental disabilities or alcohol and drug services; and   “Project” means the facility or portion of a facility, the construction of which is being financed or refinanced by a loan pursuant to this part.
TN Code § 4-31-704 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-704. Issuance and Sale of Bonds and Notes — Loans — Authorization

  In addition to the powers otherwise granted by law, the authority has the power and is authorized to issue and sell bonds and notes, the proceeds of which may be used to make loans to any grantee for the construction or the refinancing of the construction of a facility pursuant to a loan agreement between the grantee, the department and the authority.   Such loans shall be made from the proceeds of bonds or notes issued by the authority for the purpose of making such loans.
TN Code § 4-31-705 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-705. Repayment of Loans

  The authority shall establish a repayment schedule to be made by a grantee under a loan agreement.   Such repayments shall be in such amounts as will be at least sufficient, together with other funds available therefor, to pay the principal of, and interest on, authority bonds and notes issued for the purpose of providing loans pursuant to this part and as may be necessary for the authority to maintain a reserve for debt service and to pay costs of administration.
TN Code § 4-31-706 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 7 - Tennessee Local Development Authority Mental Health and Mental Retardation Facilities Act of 1990|§ 4-31-706. Issuance of Bonds or Notes — Limitations — Deficiency

   Bonds or notes issued pursuant to this part shall not be issued and sold as part of an issue of bonds or notes of the authority issued pursuant to any other provision of this chapter or law.   The authority shall not issue bonds and notes under this part in an aggregate principal amount at any one (1) time outstanding exceeding fifty million dollars ($50,000,000), excluding bonds or notes for the payment of redemption of which there has been or will be set aside and held in trust either moneys or direct and general obligations of, or obligations guaranteed by, the United States, or obligations secured by such obligations, or any combination thereof, that are or will be sufficient to pay when due the principal or applicable redemption price and all accrued interest thereon and, if such bonds or notes are to be redeemed, for which notice of redemption has been given or satisfactory provision has been made for the giving of such notice.     Each issue of its notes or bonds issued pursuant to this part shall be limited special obligations of the authority payable solely from, and secured by amounts derived by, the authority from loans made pursuant to this part.    At the end of each calendar year, the authority shall certify to the governor and the commissioner the amount of deficiency, if any, in the debt service reserve account for bonds and notes issued pursuant to this part to mental health or developmental disabilities facilities.   The commissioner shall transfer to the authority the amount of the deficiency from state funds appropriated to the department by the general assembly.      At the end of each calendar year the authority shall certify to the governor and the commissioner the amount of the deficiency, if any, in the debt service reserve account for bonds and notes issued pursuant to this part to alcohol and drug treatment facilities.   The commissioner shall transfer to the authority the amount of the deficiency from state funds appropriated to the department by the general assembly.     The authorization to issue additional bonds pursuant to this section is terminated. The authority and the department are authorized and directed to enter into a memorandum of understanding with the state funding board providing for the monitoring and servicing of all outstanding loan agreements entered into under this part. Upon the issuance of debt by the state funding board, refunding and defeasing all outstanding authority debt previously issued pursuant to this part, the authority may transfer all payments received from grantees, as directed by the state funding board.