reglab/housing_qa huggingface dataset:
TN Code § 13-20-601 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-601. Types of Bonds

   The housing authority has the power to issue bonds from time to time in its discretion, for any of its corporate purposes. It also has the power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. The authority may issue such types of bonds as it may determine, including, without limiting the generality of the foregoing, bonds on which the principal of and interest on are payable from income and revenues of the authority and from grants or contributions from the federal government or other source. Such income and revenues securing the bonds may be:  Exclusively the income and revenues of the housing project financed in whole or in part with the proceeds of such bonds;   Exclusively the income and revenues of certain designated housing projects, whether or not they are financed in whole or in part with the proceeds of such bonds; or   The income and revenues of the authority generally.     Any such bonds may be additionally secured by a pledge of any income or revenues of the authority or, in certain instances as hereinafter provided, may be additionally secured by a mortgage of any housing project, projects or other property of the authority.     Neither the commissioners of the authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance of such bonds.   The bonds and other obligations of the authority, and such bonds and obligations shall so state on their face, shall not be a debt of any city or municipality located within its boundaries or of the state, and neither the state nor any such city or municipality shall be liable thereon, nor in any event shall they be payable out of any funds or properties other than those of the authority. The bonds shall not constitute an indebtedness within the meaning of any constitutional, statutory or charter debt limitation or restriction. Bonds may be issued under this chapter, notwithstanding any debt or other limitation prescribed by any statute.
TN Code § 13-20-602 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-602. Form and Sale of Bonds

  The bonds of the authority shall be authorized by its resolution and shall be issued in one (1) or more series and shall bear such date or dates, mature at such time or times, not exceeding sixty (60) years from their respective dates, bear interest at such rate or rates, payable semiannually, be in such denominations, which may be made interchangeable, be in such form, either coupon or registered, 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 or redemption, with or without premium, as such resolution or its trust indenture or mortgage may provide.   The bonds, in the discretion of the authority, may be sold at public or private sale. If the bonds are sold at public sale, notice shall be published once at least ten (10) days prior to such sale in a newspaper having a general circulation in the city and in a financial newspaper published in the city of New York, New York, or the city of Chicago, Illinois. The bonds may be sold at such price or prices as the authority shall determine.   Whenever the authority contracts with a financial consultant, fiscal agent, municipal finance consultant or municipal securities underwriter-dealer to assist it in the issuance and marketing of such bonds or to market such bonds, such consultant, agent, or underwriter-dealer shall be licensed and maintain a permanent office or full-time branch office in this state prior to entering such contract.   Pending the authorization, preparation, execution or delivery of definitive bonds, the authority may issue interim certificates, or other temporary obligations to the purchaser of such bonds. Such interim certificates, or other temporary obligations, shall be in such form, contain such terms, conditions, and provisions, bear such date or dates, and evidence such agreements relating to their discharge or payment or delivery of definitive bonds as the authority may by resolution, trust indenture or mortgage determine.   In case any of the officers whose signatures appear on any bonds or coupons shall cease to be such officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if they had remained in office until such delivery.   The authority has the power, out of any funds available therefor, to purchase any bonds issued by it at a price of not more than the principal amount thereof and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased only out of any such revenues available therefor. All bonds so purchased shall be cancelled. This subsection (f) shall not apply to the redemption of bonds.   Any provisions of any law to the contrary notwithstanding, any bonds, interim certificates, or other obligations issued pursuant to this chapter shall be fully negotiable.
TN Code § 13-20-604 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-604. Power to Mortgage When Project Financed With Aid of Government

 In connection with any project financed in whole or in part or otherwise aided by a government, whether through a donation of money or property, a loan, the insurance or guarantee of a loan, or otherwise, the authority also has the power to mortgage all or any part of its property, real or personal, then owned or thereafter acquired and thereby to:   Vest in a government the right, upon the happening of an event of default, as defined in such mortgage, foreclose such mortgage through judicial proceedings or through the exercise of a power of sale without judicial proceedings, so long as a government shall be the holder of any of the bonds secured by such mortgage;   Vest in a trustee or trustees the right, upon the happening of an event of default, as defined in such mortgage, foreclose such mortgage through judicial proceedings or through the exercise of a power of sale without judicial proceedings;   Vest in other obligees the right to foreclose such mortgage by judicial proceedings; and   Vest in any obligee, including a government, the right, in foreclosing any mortgage as aforementioned, foreclose such mortgage as to all or such part or parts of the property covered thereby as such obligee, in its absolute discretion, shall elect; the institution, prosecution and conclusion of any such foreclosure proceedings and/or sale of any such parts of the mortgaged property shall not affect in any manner or to any extent the lien of the mortgage on the parts of the mortgaged property not included in such proceedings or not sold as aforementioned.
TN Code § 13-20-605 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-605. Remedies of an Obligee of Authority

 An obligee of the authority has the right, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:   By mandamus, suit, action or proceeding in law or equity, all of which may be joined in one (1) action, to compel the authority, and the commissioners, officers, agents or employees thereof, to perform each and every term, provision and covenant contained in any contract of the authority, and to require the carrying out of any or all covenants and agreements of the authority and the fulfillment of all duties imposed upon the authority by this chapter;   By suit, action or proceeding in equity to enjoin any acts or things which may be unlawful, or the violation of any of the rights of such obligee of the authority; and   By suit, action or proceeding in any court of competent jurisdiction to acquire possession of any housing project or any part thereof to be surrendered to any obligee having the right to such possession pursuant to any contract of the authority.
TN Code § 13-20-606 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-606. Remedies Conferrable Upon Authority by Mortgage or Trust Indenture

 An authority has the power by its trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, leases or other obligations, the right upon the happening of an “event of default” as defined in such instrument, by suit, action or proceeding in any court of competent jurisdiction, to:   Obtain the appointment of a receiver of any housing project of the authority or any part or parts thereof. If a receiver is appointed, the receiver may enter and take possession of such housing project or any part or parts thereof and operate and maintain same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom in the same manner as the authority itself might do, and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of the authority as the court shall direct; and   Require the authority and the commissioners thereof to account as if it and they were the trustees of an express trust.
TN Code § 13-20-607 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-607. Remedies and Rights Cumulative

 All the rights and remedies hereinabove conferred shall be cumulative and in addition to all other rights and remedies that may be conferred upon such obligee of the authority by law or by any contract with the authority.
TN Code § 13-20-608 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-608. Limitations on Remedies of Obligee

  No interest of the authority in any property, real or personal, shall be subject to sale by the foreclosure of a mortgage thereon, either through judicial proceedings or the exercise of a power of sale contained in such mortgage, except in the case of the mortgages provided for in § 13-20-604.   All property of the authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against same.   No judgment against the authority shall be a charge or lien upon its property, real or personal.   This section shall not apply to or limit the right of an obligee to foreclose any mortgage of the authority provided for in § 13-20-604, and, in case of a foreclosure sale thereunder, to obtain a judgment or decree for any deficiency due on the indebtedness secured thereby and issued on the credit of the authority. Such deficiency judgment or decree shall be a lien and charge upon the property of the authority which may be levied on and sold by virtue of an execution or other judicial process for the purpose of satisfying such deficiency judgment or decree.
TN Code § 13-20-609 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-609. Subordination of Mortgage to Agreement With Government

 The authority may agree in any mortgage made by it that such mortgage shall be subordinate to a contract for the supervision by a government of the operation of improvements thereon; in such event, any purchaser or purchasers at a sale of the property of an authority pursuant to a foreclosure of such mortgage or any other remedy in connection therewith shall obtain title subject to such contract.
TN Code § 13-20-610 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-610. Contracts With Federal Government

 In addition to the powers conferred upon the authority by other provisions of this chapter, the authority is empowered to borrow money or accept grants from the federal government for or in aid of any housing project which such authority is authorized to undertake, to take over any land acquired by the federal government for the construction or operation of a housing project, to take over or lease or manage any housing project constructed or owned by the federal government, and to these ends to enter into such contracts, mortgages, trust indentures, leases or other agreements as the federal government may require, including agreements that the federal government shall have the right to supervise and approve the construction, maintenance and operation of such housing project. It is the purpose and intent of such law to authorize every authority to do any and all things necessary to secure the financial aid and the cooperation of the federal government in the undertaking, construction, maintenance and operation of any housing project which the authority is empowered to undertake.
TN Code § 13-20-611 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-611. Agreement to Sell as Security for Obligations to Federal Government

 In any contract or amendatory or superseding contract for a loan and annual contributions heretofore or hereafter entered into between a housing authority and the federal government with respect to any housing project undertaken by the housing authority, any such housing authority is authorized to make such covenants, including covenants with holders of bonds issued by such authority for purposes of the project involved, and to confer upon the federal government such rights and remedies, as the housing authority deems necessary to assure the fulfillment of the purposes for which the project was undertaken. In any such contract, the housing authority may, notwithstanding any other provision of law, agree to sell and convey the project, including all lands appertaining thereto, to which such contract relates, to the federal government upon the occurrence of such conditions, or upon such defaults on bonds for which any of the annual contributions provided in the contract are pledged, as may be prescribed in such contract, and at a price, which may include the assumption by the federal government of the payment, when due, of the principal of and interest on outstanding bonds of the housing authority issued for purposes of the project involved, determined as prescribed therein and upon such other terms and conditions as are therein provided. Any such other housing authority is authorized to enter into such supplementary contracts, and to execute such conveyances, as may be necessary to carry out the provisions hereof. Notwithstanding any other provisions of law, any contracts or supplementary contracts or conveyances made or executed pursuant to this section shall not be or constitute a mortgage within the meaning or for the purposes of any of the laws of this state.
TN Code § 13-20-612 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-612. Housing Authority Obligations Guaranteed by Federal Government Eligible Collateral as Security for Deposit of Funds

 Wherever, by statute of this state, collateral is required as security for the deposit of public or other funds, or deposits are required to be made with any public official or department, or an investment of capital or surplus, or a reserve or other fund, is required to be maintained consisting of designated securities, notes and bonds insured by the federal housing administrator and debentures issued by the federal housing administrator and obligations of national mortgage associations shall be eligible for such purposes; provided, that such obligations shall be guaranteed as to payment by the federal government or a branch thereof.
TN Code § 13-20-613 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-613. Investment by Municipality in Bonds of Authority

 Any municipality may purchase or legally invest in any of the bonds of a housing authority and exercise all of the rights of any holder of such bonds.
TN Code § 13-20-614 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 6 - Bonds and Finances of Housing Authorities|§ 13-20-614. Taxes Pledged for Repayment of Indebtedness for Redevelopment Projects

  An authority is hereby authorized and empowered to irrevocably pledge to the payment of principal of and interest on any bonds, loans or other indebtedness incurred by the authority to finance or refinance, in whole or in part, the project facilities authorized under subsection (c), that portion of taxes which pursuant to § 13-20-205(a)(2) is to be paid into the special fund of the authority. Such portion of taxes shall be considered “revenues” within the meaning of § 13-20-601.   The authority shall create a special fund or funds for the sole purpose of paying the principal of and interest on such bonds, loans or other indebtedness and into which taxes allocated to the authority pursuant to § 13-20-205(a)(2) will be, from time to time, deposited. The authority shall be obligated and bound to set aside from such taxes an amount sufficient to pay such indebtedness as the same shall become due, and, as provided in the proceedings authorizing the incurrence of any indebtedness of the authority, to maintain adequate reserves for the payment of such indebtedness.   The special fund shall be used solely for the payment of principal of and interest, and redemption premiums, on bonds, loans and other indebtedness incurred by the authority in connection with the redevelopment project financed from the proceeds of such bonds, loans or other indebtedness.   Notwithstanding any other provision of this chapter to the contrary, in order to secure any bonds, notes or other indebtedness incurred by the authority, the authority shall have the power to mortgage all or any part of its property, real or personal, then owned or thereafter acquired, and thereby to vest in a trustee or trustees the right, upon the happening of an event of default, as defined in such mortgage, to foreclose such mortgage through judicial proceedings or through the exercise of a power of sale without judicial proceedings.
TN Code § 13-20-701 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 7 - Transit-Oriented Redevelopment Plans|§ 13-20-701. Findings and Declarations

 The general assembly finds and declares that:   There are areas in counties and municipalities of this state that have a transit deficiency where the absence of facilities for high capacity transit options constitutes a serious and growing menace that is injurious to the public health, safety, morals, and welfare of residents;   The existence of such transit-deficient areas constitutes an economic and social liability imposing onerous burdens that substantially impair or arrest sound growth, aggravate traffic problems, and substantially hamper the elimination of traffic hazards, the implementation of solutions to traffic congestion, and the improvement of traffic facilities;   The prevention and elimination of such transit-deficient areas is a matter of state policy and state concern in order that the state and its counties and municipalities shall not continue to be endangered by such areas;   Certain transit-deficient areas, or portions thereof, may require acquisition, clearance, and disposition, subject to use restrictions, as provided in this part, since the prevailing conditions make impracticable the reclamation of the area by conservation or rehabilitation;   Other areas, or portions thereof, may, through the means provided in this part, be susceptible to conservation or rehabilitation in such a manner that the conditions and evils enumerated may be eliminated, remedied, or prevented;   Such areas can be conserved and rehabilitated through appropriate public action to decrease vehicular congestion for residents, provide suitable density for development, and prevent sprawl into rural areas of the state, and through the cooperation and voluntary action of the owners and tenants of property in such areas; and   The powers conferred under this part are for public uses and purposes for which public money may be expended and police power exercised, and the necessity in the public interest is declared as a matter of legislative determination.
TN Code § 13-20-702 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 7 - Transit-Oriented Redevelopment Plans|§ 13-20-702. Part Definitions

 As used in this part, unless the context otherwise requires:   “High capacity transit”:  Means a form of mass transit that carries more people or provides more frequent service than a local bus service with the goal of providing faster, more convenient, and more reliable service for a larger number of passengers; and   Includes subway, monorail, heavy rail, commuter rail, light rail, streetcar, and bus rapid transit;     “High capacity transit area” means a geographic area located within one thousand three hundred twenty feet (1,320') of a street:  Designated in a county's major street plan;   Proposed to carry high capacity transit as designated on the county's transit plan; and   Located in an area designated by the community's land use plan for mixed use or high density residential development;     “High capacity transit facility” means a right of way for high capacity transit, boarding stations, transit centers, rail track, bridges, traffic signalization for high capacity transit, high capacity transit lane markings, park-and-ride lots, and any other improvements necessary for carrying out high capacity transit; and   “Transit-deficient area”:  Means a high capacity transit area where facilities for high capacity transit are necessary to promote the elimination of traffic hazards, the implementation of regional solutions to traffic congestion, and the improvement of traffic facilities in order to protect the safety, health, morals, and welfare of the community; and   Does not include land used predominantly in agriculture, as defined in § 1-3-105.
TN Code § 13-20-705 (2021)
2021 Tennessee Code|Title 13 - Public Planning and Housing|Chapter 20 - Housing Authorities Law|Part 7 - Transit-Oriented Redevelopment Plans|§ 13-20-705. Land Available for Use

  The authority may make land in a transit-oriented redevelopment project available for use by private enterprise or public agencies in accordance with the transit-oriented redevelopment plan. The land may be made available at its use value, which represents the value, whether expressed in terms of rental or capital price, at which the authority determines the land should be made available in order that it may be developed or redeveloped for the purposes specified in the plan.    To assure that land acquired in a transit-oriented redevelopment project is used in accordance with the redevelopment plan, an authority, upon the sale or lease of the land, shall obligate purchasers or lessees to:  Use the land for the purpose designated in the transit-oriented redevelopment plan;   Begin the building of their improvements within a period of time which the authority fixes as reasonable; or   Comply with any other conditions as are necessary to carry out the purposes of this part.     Any such obligations by the purchaser shall be covenants and conditions running with the land where the authority so stipulates.