reglab/housing_qa huggingface dataset:
TN Code § 4-31-118 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 1 - General Provisions|§ 4-31-118. Loans for Acquisition and Improvement of Mental Health and Developmental Disability Facilities

  The authority may enter into loan agreements with any local government unit and any local government unit may enter into loan agreements with the authority for loans for acquisitions and improvement of facilities previously financed under part 7 of this chapter.   Any loan agreement may include such provisions as may be agreed upon by the authority and the local government and shall additionally include, in substance, the following:  The amount of the loan as determined by the authority;   An agreement by the authority to pay part of the amount of the loan to the local government unit during the progress of the acquisition or improvement, or to pay the amount of the loan following completion of the acquisition or improvement, as may be agreed upon by the parties; and   An agreement by the local government unit:  To proceed expeditiously with and complete the project;   To commence operation of the project on its completion, and not to discontinue operations or dispose of the project without the approval of the authority;   To operate and maintain the project in accordance with applicable provisions of this part and in compliance with rules and regulations of the authority;   Not to contract with any corporation for profit, private person or firm for that operation of the same notwithstanding any law authorizing such contracts, except upon approval by the authority of an application to the authority;   To pledge any available sources of revenue to make payment according to a schedule established by the authority, and to make such payments; and   To establish and maintain adequate financial records for the project, and to 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 to furnish a copy of such audits to the comptroller.       The authority may promulgate any additional rules or regulations concerning the contract and charges in operations of a capital project.
TN Code § 4-31-119 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 1 - General Provisions|§ 4-31-119. Authority of the Tennessee Local Development Authority to Allocate the National Qualified Energy Conservation Bond Limitation — Administration of Programs — Issuance of Bonds for Qualified Energy Conservation Projects

  The state delegates to the Tennessee local development authority the authority to allocate on behalf of the state the portion of the “national qualified energy conservation bond limitation,” as defined in § 54D of the Internal Revenue Code of 1986 (26 U.S.C. § 54D [repealed]), that is allocated to the state pursuant to § 54D, in a manner consistent therewith. The authority may make such allocations from a list of recommended allocations presented to it by the department of environment and conservation. The department shall consider both state and local government projects and issuers when developing recommendations.   The department of environment and conservation shall serve as the coordinator and administrator of such qualified energy conservation bond programs, establishing the terms and provisions of the programs and adopting such procedures with respect to such programs as necessary or appropriate.   The authority has the power and is authorized to issue its negotiable bonds for a qualified energy conservation project as a capital project under part 4 of this chapter if the commissioner of environment and conservation certifies that such project complies with a qualified energy conservation bond program developed by the department, which certification shall be conclusive. In applying § 47-14-103, and related provisions of title 47, chapter 14, to such bonds issued by the authority, the effective rate of the interest on any such bond shall be determined by reducing the interest payable by the authority with respect to such bond by the amount of payments from the United States treasury department that the authority expected, at the time of the issuance of such bond, to receive with respect to such bond.
TN Code § 4-31-120 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 1 - General Provisions|§ 4-31-120. Bonds and Notes — Maintenance of Tax-Exempt Status

 For the purpose of ensuring that the bonds or notes authorized under this chapter and issued after March 8, 2016, maintain their tax-exempt status as may be provided by the Internal Revenue Code of 1986 (26 U.S.C.), as amended, no state officer or employee or user of a capital project, pollution control facility, or any other property financed or refinanced, directly or indirectly, with the proceeds of such bonds or notes, including, but not limited to, borrowers under a program loan agreement, shall authorize or allow any change, amendment, or modification to a project or program financed or refinanced, directly or indirectly, with the proceeds of such bonds or notes which change, amendment, or modification would affect the tax-exempt status of such bonds or notes unless the change, amendment, or modification receives the prior approval of the office of state and local finance in the office of the comptroller of the treasury and the authority. Failure to receive such approval shall render any change, amendment, or modification null and void.
TN Code § 4-31-201 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-201. Short Title

 This part shall be known and may be cited as the “Tennessee Agricultural Development Act.”
TN Code § 4-31-202 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-202. Legislative Findings

  The general assembly finds and declares that:  The high cost and limited availability of agricultural financing threatens to halt needed expansion or even perpetuation of many farm operations and related enterprises in Tennessee;   These conditions severely limit the ability of young persons to begin farming or to carry on family farming traditions;   Resulting shortages in agricultural commodities will aggravate food price inflation; and   Resulting reductions in agricultural employment will contribute to overall unemployment with its attendant problems.      It is accordingly in furtherance of the interests and welfare of all Tennesseans that the Tennessee local development authority be empowered to issue revenue bonds, and to make the proceeds available for loans to farmers and farm-related enterprises that private industry alone would be otherwise unable to serve, at interest rates lower than would otherwise be obtainable.   It is intended that the Tennessee local development authority be vested with all powers necessary to the accomplishment of these purposes.
TN Code § 4-31-203 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-203. Loans — General Power of Authority

  The authority may make, and undertake commitments to make, loans to or deposits with lenders under the agricultural development loan program for the financing of certain agricultural enterprises under terms and conditions that shall:  Require the proceeds thereof to be used by such lenders to make loans for agricultural enterprises; and   Require that no loans made by such lenders to finance a single agricultural enterprise shall exceed the aggregate principal amount of five hundred thousand dollars ($500,000).     The authority may invest in, purchase or make commitments to invest in or purchase, and take assignments of, loans made by lenders for the construction, rehabilitation or purchase of agricultural enterprises. No loan shall be eligible for investment in, purchase or assignment by the authority:  If the loan was initially made more than six (6) months prior to the date of investment, purchase or assignment; or   If the aggregate principal amount of the loan received by a person exceeds five hundred thousand dollars ($500,000), and in computing that amount a loan received by an individual shall be aggregated with those loans received by such individual's spouse and children, and a loan received by a firm, partnership or corporation shall be aggregated with those loans received by each owner, partner or stockholder thereof.
TN Code § 4-31-204 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-204. Loans — Prerequisites to Action Under § 4-31-203

  Prior to an exercise of powers conferred by § 4-31-203(b), the authority shall:  Require the lender to certify that the loan at the time of making was, is or will be in all respects a prudent investment;   Require the lender to certify that it would not have made the loan if the authority had not agreed to purchase the loan pursuant to § 4-31-203(b);   Require the lender to certify, if the principal amount of the loan is two hundred thousand dollars ($200,000) or more, that the borrower has obtained at least one (1) written declination of credit from a lender in or near the borrower's local community; and   Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor or that the payment of principal and interest on the notes or bonds be insured or guaranteed.     Prior to the exercise of powers conferred by § 4-31-203, the authority shall for all loans to be made pursuant to the agricultural loan development program for agricultural enterprises:  Require any type of security that it deems reasonable and necessary;   Authorize the reservation of funds by lenders in such amounts and subject to such conditions as the authority considers reasonable and necessary; and   Require that all agriculture enterprises for which funds are advanced, loaned or otherwise provided by the authority under this chapter be in compliance with any state or local land use, zoning, subdivision and other laws applicable to the land upon which such enterprise is located or is to be constructed.
TN Code § 4-31-205 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-205. Bonds and Notes

  For the purpose of providing moneys to assist lenders in providing moneys to finance agricultural enterprises, the authority, in addition to the powers otherwise granted by law, has the power and is hereby authorized to issue from time to time negotiable bonds and notes of the authority.   The proceeds of such bonds and notes may be applied by the authority to the making of loans to or deposits with lenders or the purchase of loans made by lenders as set forth in § 4-31-203.   Bonds or notes issued pursuant to this section 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 other law.    The authority has the power, and is hereby authorized, to issue from time to time renewal notes, and bonds to pay notes issued in anticipation of such bonds, and, whenever it deems refunding expedient, to refund any bonds by the issuance of refunding bonds whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any other authorized purpose.   Such refunding bonds and renewal notes may be issued without further authorization, such issuance being deemed authorized by the law authorizing the bonds and notes to be renewed, paid or refunded.   The refunding bonds shall be sold and the proceeds applied to the purchase, redemption or payment of the bonds to be refunded.     Each issue of its notes or bonds issued pursuant to this section shall be limited special obligations of the authority payable solely from and secured by amounts derived by the authority from loans purchased with the proceeds of such bonds or notes, payments made by lenders pursuant to loan agreements with such lenders, or proceeds derived from the certificates of deposit or other obligations of lenders purchased from bond proceeds.   The bonds may be additionally secured by a pledge of any grant, contribution or guarantee from the federal government or any corporation, association, institution or person or a pledge of any money, income or revenue of the authority from any source.   The authority shall not issue bonds and notes under this part in an aggregate principal amount at any one (1) time outstanding exceeding thirty million dollars ($30,000,000), excluding bonds or notes for the payment or 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.
TN Code § 4-31-206 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 2 - Tennessee Agricultural Development Act|§ 4-31-206. False Statements — Felony

  It is unlawful for any person to knowingly make, utter or publish a false statement of substance or aid or abet another person in making, uttering or publishing a false statement of substance for the purpose of influencing the authority to make a loan or deposit to finance an agricultural enterprise or to purchase a loan that finances an agricultural enterprise.   A violation of this section is a Class E felony.
TN Code § 4-31-301 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-301. Short Title

 This part shall be known and may be cited as the “Industrial Development Loan Program of 1981.”
TN Code § 4-31-302 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-302. Program Established

 There is hereby established the industrial development loan program, with the purpose of providing loans to small communities in order to finance public facilities that will support industrial development and generate manufacturing jobs in Tennessee.
TN Code § 4-31-303 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-303. Participation in Program

 Participation in the program shall be limited to:   Local governments of less than twenty-five thousand (25,000) population, according to the latest certified census; and   County governments if the largest community within the county does not exceed fifty thousand (50,000) population, according to the latest certified census, that have unemployment rates that have exceeded the state average for the twelve-month period prior to application, or that have certified per capita income averages that have not exceeded the state average for the twelve-month period prior to application.
TN Code § 4-31-304 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-304. Loans — Priority

  Loans under this program shall be made only for projects that are designed to stimulate the growth of manufacturing jobs.    The first priority for loans shall be projects that are related to an industrial location or expansion.   Second priority projects shall be those that create the conditions for future industrial growth.     Eligible projects shall be limited to the following:  Water and sewerage treatment plants that will serve industrial land;   Water distribution lines and sewerage collection lines that will serve industrial land;   The development of industrial land (including ports), with eligible costs to include the following:  Land purchase (including easements);   Site preparation;   Extension of utilities, including, but not limited to, electrical and gas;   Road access; and   Environmental monitoring equipment; and     The construction and renovation of publicly owned industrial buildings.
TN Code § 4-31-305 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-305. Loans — Maximum Amount

 In order to ensure that as many communities as possible benefit from the program, individual loans shall not exceed two hundred fifty thousand dollars ($250,000).
TN Code § 4-31-306 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-306. Rules for Administration

 The state funding board, in consultation with the Tennessee local development authority and the commissioner of economic and community development, is authorized to promulgate such rules as it deems necessary for the orderly and efficient administration of this part.
TN Code § 4-31-307 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-307. Loans — Applications

  Counties or municipalities meeting the requirements of § 4-31-303 are authorized to make application to the commissioner of economic and community development for a loan pursuant to this part.    The commissioner shall review the application.   If, after making such review, the commissioner determines that the applicant is eligible under this part, and the rules promulgated by the state funding board pursuant thereto, the commissioner is authorized to present such application to the state funding board with a request to approve a loan pursuant to this part, and the rules of the state funding board promulgated pursuant thereto.
TN Code § 4-31-308 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 3 - Industrial Development Loan Program of 1981|§ 4-31-308. Loans — Approval — Fund Allocation

 The state funding board, in consultation with the authority, is authorized to approve such loan and allocate such funds as may be necessary to meet the requirements stipulated in such loan from moneys appropriated and legally available for such purpose.
TN Code § 4-31-401 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 4 - Tennessee Local Development Authority Capital Projects Loan Act of 1990|§ 4-31-401. Short Title

 This part shall be known and may be cited as the “Tennessee Local Development Authority Capital Projects Loan Act of 1990.”
TN Code § 4-31-402 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 4 - Tennessee Local Development Authority Capital Projects Loan Act of 1990|§ 4-31-402. Legislative Intent

  The general assembly finds and declares that:  Financing costs incurred by local governments in connection with capital projects are a significant factor in the ability of the local governments to meet the needs of their communities; and   To the extent that financing of capital projects can be accomplished less expensively through the pooling together of needs and the use of less costly borrowing techniques, local governments would be better able to provide capital projects, and other essential services for the benefit of their citizens and taxpayers.      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 local government units for capital projects, at a cost that is lower than would otherwise be readily obtainable.   It is intended that the Tennessee local development authority be vested with all powers necessary to accomplish these purposes.
TN Code § 4-31-403 (2021)
2021 Tennessee Code|Title 4 - State Government|Chapter 31 - Tennessee Local Development Authority Act|Part 4 - Tennessee Local Development Authority Capital Projects Loan Act of 1990|§ 4-31-403. “Construction” Defined

 As used in this part, unless the context otherwise requires, “construction” means the building, reconstruction, creation, replacement, extension, repairing, betterment, improvement, alteration, equipment, extension or acquisition of capital projects, including, but not limited to, the acquisition of land and of rights in land, the engineering, architectural designs, plans, working drawings, specifications, procedures and other action necessary in the construction of such capital projects, and the inspection and supervision of such capital projects.