reglab/housing_qa huggingface dataset:
TN Code § 9-9-301 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 3 - Tax Revenue Anticipation Notes|§ 9-9-301. Issuance and Sale — Interest — Guidelines

  Pending the receipt of tax revenues during any fiscal year, the state of Tennessee, acting by resolutions of its funding board, is hereby authorized and empowered to issue and sell, either at public or private sale, at not less than par and accrued interest, its interest-bearing revenue anticipation note or notes. Such note or notes shall be authorized by resolution of the funding board, shall bear such date or dates, and shall mature at such time or times, including any renewals thereof, as such resolution or resolutions may provide, but shall mature within the fiscal year of their issuance. Such notes shall bear interest at such rate or rates, be in such denominations, be in such form, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such place or places and be subject to such terms of redemption and contain such other terms and provisions, and the state may otherwise provide with respect to the authorization, sale and issuance of such notes, as such resolution or resolutions may provide.   Any resolution or resolutions of the state funding board authorizing the issuance of such tax revenue anticipation note or notes shall provide that the same are issued in anticipation of the tax revenue within the then current fiscal year and shall further provide that the full faith and credit of the state of Tennessee are pledged to the payment of such note or notes. The state funding board shall provide for the payment of the principal of and interest on all notes issued under this section as the same shall become due, out of revenues and funds available for such purposes.   The state funding board is hereby authorized to procure such legal and technical advice, approving opinions and such financial assistance as it may consider necessary in connection with the carrying into effect of this section, and is also authorized to pay all necessary expenses and incidental expenses. All such expenses may be funded by notes issued under this section.
TN Code § 9-9-401 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-401. Small-Denominations Bonds Authorized — Terms and Sale — Limitations

  Notwithstanding any other law to the contrary, whenever the state funding board is authorized to issue and sell bonds of the state, it may by resolution authorize the issuance and sale of all or any portion of such bonds in denominations of less than five thousand dollars ($5,000), to be known as “Tennessee citizens bonds,” hereinafter referred to as “citizens bonds.” Such bonds shall be issued and sold by the state funding board through the state treasurer either at public or private sale, maturing in such amounts and upon such dates, at such interest rate or rates, payable at such time and in such manner, at par or at discount, in bearer or registered form, and upon such other terms and conditions as shall be determined to be in the best interests of the state in accordance with a plan approved by resolution of the funding board. It is the legislative intent that the interest rate set by the funding board on the sale of citizens bonds shall be approximately the same yield to the investor as was available from the most recent sale of general obligation bonds.   Not more than two million dollars ($2,000,000) principal amount of citizens bonds shall be sold by the state treasurer in any one (1) fiscal year. If sold at discount, the discount of such bonds may not exceed thirty percent (30%) of the bond's value at maturity, and the principal amount shall be the discounted value for which the bonds are sold. The face value of citizens bonds sold at discount will be the principal amount and all interest which will be owed on the bond if it is held to full maturity. The maximum rate of interest in no instance shall exceed the legal rate as provided in § 47-14-103. No citizens bond shall mature more than five (5) years after its date of issue. Each citizens bond shall provide that it will be redeemed by the state, upon due presentation by the appropriate person on any business day after its date of sale by the state treasurer, at such price as the state treasurer shall determine according to a schedule established with respect to each issue of citizens bonds prior to the sale thereof.   It is the legislative intent that the aggregate principal amount of citizens bonds sold to an individual purchaser should not exceed five thousand dollars ($5,000) of the primary sale during any fiscal year. Citizens bonds shall be executed in the name of the state by the state treasurer, either manually or by facsimile signature and shall be countersigned by the secretary of state, with the great seal of the state or a facsimile thereof attached thereto. The secretary of state may direct that the secretary of state's signature be placed on citizens bonds by mechanical or electronic device at the time of issuance.
TN Code § 9-9-402 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-402. Application of Part

 This part shall be applicable to all general obligation bonds which have been authorized but which remain unissued on February 22, 1980, and all subsequent authorizations for general obligation bonds.
TN Code § 9-9-403 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-403. Bonds and Interest Tax-Exempt — Exceptions

 Citizens bonds and the interest payable thereon are exempt from taxation by the state of Tennessee and each county, municipality and taxing district of the state, except inheritance, transfer and estate taxes.
TN Code § 9-9-404 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-404. Issuance and Sale to Conform to Other Laws

 Except as otherwise authorized by this part, citizens bonds shall be issued and sold in conformity with the terms and conditions specified in this chapter and the provisions of the law authorizing the particular bond issue for which such citizens bonds are authorized by the funding board.
TN Code § 9-9-405 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-405. Redemption of Citizens Bonds

 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.
TN Code § 9-9-406 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 9 - Funding of State Debt|Part 4 - Citizens Bonds|§ 9-9-406. Rules and Regulations

 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.
TN Code § 9-13-101 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-101. Authority to Lend Appropriated Funds

 The state board of equalization, with the approval of the funding board, is hereby authorized to lend state funds appropriated and made available for that purpose to municipalities and counties of the state upon terms and conditions hereinafter prescribed.
TN Code § 9-13-102 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-102. Reduction of Assessment of Utility Property as Prerequisite for Loan

 Such loans shall be made only to such municipalities or counties as can be shown to have incurred unanticipated losses of revenue necessitated or prompted by decrees or orders of competent courts reducing the assessments of railroad or public utility properties which are centrally assessed by the comptroller of the treasury and the state board of equalization.
TN Code § 9-13-103 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-103. Application for Loan

 Applications for such loans shall be made only in writing and through the chief executive officer of the county or municipality so applying upon the duly enacted resolution of the governing body of such county or municipality. The application shall be addressed to the state board of equalization and shall set forth such information as the board may by regulation require relative to the budget, revenues, obligations and governmental operations of such municipality or county.
TN Code § 9-13-104 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-104. Determination of Necessity for Loan

 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.
TN Code § 9-13-105 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-105. Certification to Funding Board

 If following its investigation and consideration of the application the board of equalization shall deem the applicant municipality or county to require such financial assistance, it shall certify such finding in writing to the funding board for its approval.
TN Code § 9-13-106 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-106. Consideration by Funding Board — Manner of Making Loan — Repayment — Interest

  The funding board shall independently consider any application for loan assistance as herein provided, and, on the concurrence of two-thirds (2/3) of its membership, authorize the board of equalization to lend to a municipality or county an amount not to exceed eighty percent (80%) of the local revenues shown to be lost as a result of such circumstances. Such loans shall be made only upon notes executed by the chief executive officer of the municipality or county showing on their face the concurrence of three-fourths (¾) of the governing body of the municipality or county and evidencing an attested copy of the official minutes showing such concurrence.   The loans shall be repayable with interest at the rate of two percent (2%) in equal installments commencing two (2) years following the date of the note and extending not more than five (5) years from the day of the first payment.
TN Code § 9-13-107 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 1 - General Provisions|§ 9-13-107. Default — Withholding State Funds

 In the event of default in the payment of any installment upon any loan made pursuant to this part, the board of equalization shall give notice of such default to the commissioner of finance and administration and the state treasurer. The commissioner shall thereupon withhold any distribution to the municipality or county of any funds otherwise distributable to it under the terms of any statute of this state until any and all arrearages have been paid by the municipality or county.
TN Code § 9-13-201 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-201. Short Title

 This part shall be known and may be cited as the “Emergency Financial Aid to Local Government Law of 1995.”
TN Code § 9-13-202 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-202. Legislative Intent

 The general assembly finds and declares that it is in the best interests of the citizens of this state that local governments be fiscally responsible and utilize sound financial management principles in serving their citizens. The general assembly notes that there are certain conditions and circumstances in which local governments must have emergency technical and financial assistance if they are to better serve their citizenry or, in the case of economic distress due to natural disaster, must have the financial flexibility to stabilize their financial condition. It is the intent of this part to provide procedures whereby local governments may acquire such emergency technical and financial assistance provided and guaranteed by the state or, in the case of natural disaster, may obtain adequate financing, thus enabling such local governments to stabilize their financial condition and to meet their current operational and debt service costs.
TN Code § 9-13-203 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-203. Part Definitions

 As used in this part, unless the context otherwise requires:   “Emergency technical assistance” means direction, oversight, management, and approval of all financial dealings and transactions of a local government by the comptroller of the treasury or the comptroller's designee;   “Loan guarantee” means the guarantee by the state, acting through the state funding board under this part, of a loan to a local government from a lender other than the state; and   “Local government” means any incorporated city or town, metropolitan government, or county, including enterprise funds of such government entity, or utility district for purposes of §§ 9-13-206 and 9-13-212.
TN Code § 9-13-204 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-204. Loan Guarantees — Cutoff Date for Guarantee

 In order to provide emergency technical and financial assistance to a local government, the state funding board is authorized to guarantee the payment of a loan made to a local government by another lender only under the following conditions:   A majority of all members constituting the local government legislative body, by resolution, has requested a loan guarantee from the state funding board;   The local government legislative body agrees in its resolution requesting a loan guarantee to accept the emergency technical assistance provided by the comptroller of the treasury or the comptroller's designee and to be bound by the decisions of the comptroller of the treasury or the comptroller's designee;   The state funding board has determined that current local government revenues are insufficient to pay the annual debt service and costs of operation of such local government or local government service; and   The local government legislative body shall submit a plan, subject to approval by the state funding board, for the efficient operations of government services including, where applicable, a plan for the consolidation of services within that local government. Such plan shall include local government tax revenues at least equal to one hundred percent (100%) of that local government's fiscal capacity as determined by the advisory commission on intergovernmental relations. If a local government has not levied taxes at this level, a plan to increase taxes to such level at the earliest practical date must be submitted to and approved by the state funding board. The board's guarantee of the payment of any loan under this part shall be conditioned upon the implementation of the plan required under this section.
TN Code § 9-13-205 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-205. Security for Loans — Pledges — Disposition of Proceeds — Withholding of State-Shared Taxes

 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.
TN Code § 9-13-206 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-206. Issuance of Notes

 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:   Are approved by the comptroller of the treasury or the comptroller's designee and guaranteed by the state funding board; or   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).
TN Code § 9-13-207 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-207. Scope of Assistance — Guidelines — Personnel — Audits — County Budgets

  Whenever a loan is guaranteed by the state funding board, the comptroller of the treasury or the comptroller's designee shall, subject to the comptroller of the treasury's or the comptroller's designee's discretion, provide emergency technical assistance to such local government until such time as the local government has completely repaid any loans guaranteed by or owed to the state.   The comptroller of the treasury or the comptroller's designee shall provide emergency technical assistance under the guidelines of the statutes or private acts applicable to the local government and shall perform the duties prescribed by such statutes or private acts; provided, that if the applicable local government purchasing law authorizes emergency purchases, such emergency purchases shall only be made with the prior approval of the comptroller of the treasury or the comptroller's designee.   All authority for the implementation and administration of the laws set out in subsection (b) shall be vested in the comptroller of the treasury or the comptroller's designee.    Notwithstanding any other law, the comptroller of the treasury or the comptroller's designee has total and complete authority over the budget, purchases and expenditures of such local government, including the budget, purchases and expenditures of the local government school system and enterprise funds.   The commissioner of education shall appoint a qualified and responsible person to advise and assist the comptroller of the treasury or the comptroller's designee on budgeting, accounting, purchasing, and expenditures of the school system of the local government.     The comptroller of the treasury or the comptroller's designee shall require such periodic information from a local government operating under this part and require such audits as the comptroller of the treasury or the comptroller's designee may deem necessary. The annual budget of each local government shall be submitted to the comptroller of the treasury or the comptroller's designee at least three (3) weeks prior to its adoption. The comptroller of the treasury or the comptroller's designee shall determine whether or not the budget will be in balance and is fiscally responsible. No budget shall be adopted by the legislative body until it shall have been approved by the comptroller of the treasury or the comptroller's designee. Such governing body shall adopt a budget at the first meeting of the legislative body in July of each year or prior to such meeting as required by any public or private act, or as soon thereafter as practical, but in no event shall the budget be adopted later than the third Monday in September.
TN Code § 9-13-208 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-208. Notice of Director's Approval for Purchases or Payments

 The state funding board shall publish a notice, in a newspaper of general circulation in any local government which is receiving emergency technical assistance pursuant to this part, that no purchase of or payment for goods, services or equipment or other matters shall be made by such local government without the prior approval of the comptroller of the treasury or the comptroller's designee. Such notice shall be published at least once weekly for two (2) consecutive weeks. Such notice shall also be posted for two (2) consecutive weeks in five (5) conspicuous places in the local government, one (1) of which shall be the courthouse.
TN Code § 9-13-209 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-209. Payment of Costs — Administrative Personnel

  When a local government is granted a loan guarantee, any costs as determined and approved by the state funding board which are associated with providing the loan guarantee or technical assistance, including, but not limited to, the services of the comptroller of the treasury or the comptroller's designee and other personnel, shall be borne by such local government; provided, that such costs shall not exceed five percent (5%) of the amount of the loan guarantee.   The comptroller of the treasury shall provide any staff necessary to administer this part; provided, that, whenever possible and feasible, the comptroller of the treasury or the comptroller's designee will utilize employees of such local government, county technical assistance service, or municipal technical advisory service to assist in the administrative tasks.
TN Code § 9-13-210 (2021)
2021 Tennessee Code|Title 9 - Public Finances|Chapter 13 - Loans to Local Subdivisions in Emergencies|Part 2 - Emergency Financial Aid to Local Governments|§ 9-13-210. Reports to Legislative Committees

 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.