reglab/statecodes huggingface dataset:
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1010 - Party in default

(a)
If a party fails to attend or participate in a prehearing conference, hearing or other stage of a contested case, the administrative hearing officer may hold the party in default and either adjourn the proceedings or conduct them without the participation of that party, having due regard for the interest of justice and the orderly and prompt conduct of the proceedings.
(b)
If the proceedings are conducted without the participation of the party in default, the administrative hearing officer shall include in the final order a written notice of default and a written statement of the grounds for the default.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1011 - Petitions for intervention - Conditions on intervenor's participation

(a)
The administrative hearing officer shall grant one (1) or more petitions for intervention if:
(1)
The petition is submitted in writing to the administrative hearing officer, with copies mailed to all parties named in the notice of the hearing, at least seven (7) business days before the hearing;
(2)
The petition states facts demonstrating that the petitioner's legal rights, duties, privileges, immunities or other legal interest may be determined in the proceeding or that the petitioner qualifies as an intervenor under any law; and
(3)
The administrative hearing officer determines that the interests of justice and the orderly and prompt conduct of the proceedings shall not be impaired by allowing the intervention.
(b)
If a petitioner qualifies for intervention, the administrative hearing officer may impose conditions upon the intervenor's participation in the proceedings, either at the time that intervention is granted or at any subsequent time. Conditions may include:
(1)
Limiting the intervenor's participation to designated issues in which the intervenor has a particular interest demonstrated by the petition;
(2)
Limiting the intervenor's participation so as to promote the orderly and prompt conduct of the proceedings; and
(3)
Requiring two (2) or more intervenors to combine their participation in the proceedings.
(c)
The administrative hearing officer, at least twenty-four (24) hours before the hearing, shall render an order granting or denying each pending petition for intervention, specifying any conditions, and briefly stating the reasons for the order. The administrative hearing officer may modify the order at any time, stating the reasons for the modification. The administrative hearing officer shall promptly give notice of an order granting, denying or modifying intervention to the petitioner for intervention and to all parties.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1012 - Regulating course of proceedings - Full disclosure of relevant facts and issues - Hearing open to public

(a)
The administrative hearing officer shall regulate the course of the proceedings, in conformity with the prehearing order, if any.
(b)
To the extent necessary for full disclosure of all relevant facts and issues, the administrative hearing officer shall afford to all parties the opportunity to respond, present evidence and argument, conduct cross-examination, and submit rebuttal evidence, except as restricted by a limited grant of intervention or by the prehearing order.
(c)
In the discretion of the administrative hearing officer and by agreement of the parties, all or part of the hearing may be conducted by telephone, television or other electronic means, if each participant in the hearing has an opportunity to participate in, to hear, and, if technically feasible, to see the entire proceedings while taking place.
(d)
The hearing shall be open to public observation pursuant to title 8, chapter 44, unless otherwise provided by state or federal law. To the extent that a hearing is conducted by telephone, television or other electronic means, the availability of public observation shall be satisfied by giving members of the public an opportunity, at reasonable times, to hear the tape recording and to inspect any transcript produced, if any.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1014 - Rendering of final order - Findings of fact - Appointment of qualified substitute - Submission of proposed findings

(a)
An administrative hearing officer shall render a final order in all cases brought before the officer's body.
(b)
A final order shall include conclusions of law, the policy reasons therefor, and findings of fact for all aspects of the order, including the remedy prescribed. Findings of fact, if set forth in language that is no more than mere repetition or paraphrase of the relevant provision of law, shall be accompanied by a concise and explicit statement of the underlying facts of record to support the findings. The final order must also include a statement of the available procedures and time limits for seeking reconsideration or other administrative relief and the time limits for seeking judicial review of the final order.
(c)
Findings of fact shall be based exclusively upon the evidence of record in the adjudicative proceeding and on matters officially noticed in that proceeding. The administrative hearing officer's experience, technical competence and specialized knowledge may be utilized in the evaluation of evidence.
(d)
If an individual serving or designated to serve as an administrative hearing officer becomes unavailable, for any reason, before rendition of the final order, a qualified substitute shall be appointed. The substitute shall use any existing record and may conduct any further proceedings as is appropriate in the interest of justice.
(e)
The administrative hearing officer may allow the parties a designated amount of time after conclusion of the hearing for the submission of proposed findings.
(f)
A final order rendered pursuant to subsection (a) shall be rendered in writing within seven (7) business days after conclusion of the hearing or after submission of proposed findings unless such period is waived or extended with the written consent of all parties or for good cause shown.
(g)
The administrative hearing officer shall cause copies of the final order under subsection (a) to be delivered to each party.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1015 - Statement of when order entered and effective - Compliance with final order

(a)
All final orders shall state when the order is entered and effective.
(b)
A party may not be required to comply with a final order unless the final order has been mailed to the last known address of the party or unless the party has actual knowledge of the final order.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1016 - Collection of fines, judgments or debts

A municipality may collect a fine levied pursuant to this section by any legal means available to a municipality to collect any other fine, judgment or debt.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 54 - MUNICIPAL POWERS GENERALLY (§§ 6-54-NEW — 6-54-1018) › Part 10 - OFFICE OF ADMINISTRATIVE HEARING OFFICER (§§ 6-54-1001 — 6-54-1018) › Section 6-54-1018 - Appeal to court of appeals

(a)
An aggrieved party may obtain a review of any final judgment of the chancery court under this chapter by appeal to the court of appeals of Tennessee.
(b)
The record certified to the chancery court and the record in the chancery court shall constitute the record in an appeal. Evidence taken in court pursuant to title 24 shall become a part of the record.
(c)
The procedure on appeal shall be governed by the Tennessee Rules of Appellate Procedure.
Acts 2010, ch. 1128, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 1 - GENERAL PROVISIONS (§§ 6-55-101 — 6-55-102) › Section 6-55-101 - Collection and payment of taxes

(a)
The collector of every municipal corporation shall collect and pay over to the treasurer, on the first Monday of January and July, each year, all taxes, fines, and forfeitures due and owing to the same; and, on failure, shall be liable for the amount of such collector's delinquency, with costs, on motion before the circuit court.
(b)
Notwithstanding any charter provision to the contrary, the powers of the county trustee of any county having a metropolitan form of government and a population of over four hundred fifty thousand (450,000), according to the 1990 federal census or any subsequent federal census, shall include the power to collect real and personal property taxes or tax equivalents and all merchants' ad valorem taxes that have been delinquent for more than six (6) months as well as any interest and penalties thereon, if such power is given to the county trustee by ordinance of the legislative body of such a county.
Code 1858, § 1382 (deriv. Acts 1849-1850, ch. 17, § 7); Shan., § 1972; mod. Code 1932, § 3379; modified; T.C.A. (orig. ed.), § 6-702; Acts 1996, ch. 689, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 1 - GENERAL PROVISIONS (§§ 6-55-101 — 6-55-102) › Section 6-55-102 - Privilege taxes

Each municipality is empowered to levy privilege taxes upon merchants and such other vocations, occupations, or businesses as are declared to be privileges, not exceeding in amount that levied by the state for state purposes.
Acts 1915, ch. 101, § 2; Shan., § 1916a; 1; Code 1932, § 3329; modified; T.C.A. (orig. ed.), § 6-709.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 2 - NONPAYMENT OF REAL ESTATE TAX (§§ 6-55-201 — 6-55-206) › Section 6-55-201 - Sale of real estate for delinquency

(a)
If taxes assessed upon real estate in the corporation, according to its ordinances, are not paid by the owner of the property within the year for which they were assessed, the collector shall report the facts to the recorder or other officer, and the recorder or other officer shall cause the real estate to be sold in the manner prescribed for sale of real estate for state and county taxes.
(b)
The sheriff or county trustee shall pay the money received on such sales to the treasurer of the corporation, and, if the sheriff or county trustee fails to do so, the sheriff or county trustee shall be liable to judgment on motion.
Code 1858, §§ 1380, 1381 (deriv. Acts 1849-1850, ch. 17, § 12); Shan., §§ 1970, 1971; mod. Code 1932, §§ 3377, 3378; T.C.A. (orig. ed.), § 6-703; Acts 1993, ch. 81, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 2 - NONPAYMENT OF REAL ESTATE TAX (§§ 6-55-201 — 6-55-206) › Section 6-55-202 - Tax suit - Jurisdiction

It is lawful for any incorporated municipality to sue in the chancery court of the county in which it is located for taxes due the municipality upon real estate, whenever the taxes are past due and unpaid. The fact that the complaint contains the names of more than one (1) defendant shall not subject the complaint to an objection for misjoinder by reason of the distinct interests the several defendants have in the properties proceeded against.
Amended by 2013 Tenn. Acts, ch. 353,s 8, eff. 5/13/2013.
Acts 1897, ch. 6, § 1; Shan., § 1972a1; mod. Code 1932, § 3380; T.C.A. (orig. ed.), § 6-704.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 2 - NONPAYMENT OF REAL ESTATE TAX (§§ 6-55-201 — 6-55-206) › Section 6-55-204 - Tax suit - Prejudgment payment of taxes

Should any person interested pay, after the bill is filed, and before sale of the land, to the attorney representing the municipality, or such other person as may be designated by the municipality to receive it, the amount of taxes sued for, and interest thereon, it shall be the duty of the attorney aforementioned to dismiss the suit as to the persons and property included in the payment; provided, that the person so paying the taxes shall pay such person's just proportion of the costs accrued in the cause to the date of payment.
Acts 1897, ch. 6, § 2; Shan., § 1972a2; mod. Code 1932, § 3381; T.C.A. (orig. ed.), § 6-706.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 2 - NONPAYMENT OF REAL ESTATE TAX (§§ 6-55-201 — 6-55-206) › Section 6-55-205 - Tax suit - Enforcement of judgment

The court may proceed to judgment or decree against all defendants who do not settle the taxes due as provided above, and enforce the judgment or decree and the lien for the taxes due by sale of the lands upon which such taxes are assessed, under the rules applicable to other chancery sales.
Acts 1897, ch. 6, § 4; Shan., § 1972a4; Code 1932, § 3383; T.C.A. (orig. ed.), § 6-707.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 2 - NONPAYMENT OF REAL ESTATE TAX (§§ 6-55-201 — 6-55-206) › Section 6-55-206 - Tax suit - Fees

The same fees for clerks and other officers as are allowed by law, providing for collection of delinquent state and county taxes, shall be allowed the clerk and other officers acting under §§
6-55-202
- 6-55-205.
Acts 1897, ch. 6, § 5; Shan., § 1972a5; Code 1932, § 3384; T.C.A. (orig. ed.), § 6-708.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 3 - DISTRESS WARRANTS (§§ 6-55-301 — 6-55-304) › Section 6-55-301 - Purpose

If any person or corporation required by law to pay privilege taxes to any municipal corporation, or to obtain a license before engaging in same, presumes to sell goods or exercise a privilege without first obtaining a license as required by law, such clerk, recorder, or collecting officer shall issue to the sheriff, city marshal, or any constable a distress warrant, commanding such sheriff, city marshal or constable to levy, in case of a privilege tax, double the highest tax imposed upon any such privilege, and in other cases double the highest tax imposed on any similar business, together with costs and charges, by distraining and selling so much of the delinquent's goods and chattels as shall be sufficient for the purpose.
Acts 1891, ch. 57, § 1; Shan., § 1918; Code 1932, § 3330; T.C.A. (orig. ed.), § 6-710.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 3 - DISTRESS WARRANTS (§§ 6-55-301 — 6-55-304) › Section 6-55-302 - Execution

The officer to whose hands such warrants shall come shall immediately execute the same, on pain of being held personally liable in the circuit court, on motion by the clerk, recorder, or collecting officer, for the double tax, cost, and charges lost by such officer's delay.
Acts 1891, ch. 57, § 2; Shan., § 1919; Code 1932, § 3331; T.C.A. (orig. ed.), § 6-711.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 3 - DISTRESS WARRANTS (§§ 6-55-301 — 6-55-304) › Section 6-55-303 - Sale

The officer, having seized the goods and chattels of the delinquent, shall give ten (10) days' notice of the time and place of sale, which the officer shall make at the time specified, unless the owner, at or before the time of sale, produces the clerk's, recorder's, or collecting officer's receipt for the tax, cost, and charges, in which case the officer shall redeliver the goods to the owner.
Acts 1891, ch. 57, § 3; Shan., § 1920; Code 1932, § 3332; T.C.A. (orig. ed.), § 6-712.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 3 - DISTRESS WARRANTS (§§ 6-55-301 — 6-55-304) › Section 6-55-304 - Fees

In all cases in which the penalty prescribed against breaches of the revenue laws in relation to license is recovered, double fees shall be allowed to the clerk, recorder, and collecting officer or attorney prosecuting the case.
Acts 1891, ch. 57, § 4; Shan., § 1921; Code 1932, § 3333; T.C.A. (orig. ed.), § 6-713.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-401 - Part definitions

As used in this part, unless the context otherwise requires:
(1)
"Commissioner" means the commissioner or such official designated by the city ordinance, to be appointed by the municipality;
(2)
"Inspector" means an inspector of the department of licenses;
(3)
"License" means a license issued pursuant to this part;
(4)
"Licensee" means any person to whom a license has been issued pursuant to this part;
(5)
"Municipality" means any incorporated city or any incorporated town;
(6)
"Publish," "publishing," "advertisement," or "advertising" means every kind of conveying to the public notice of sale or notice of intention to conduct a sale, whether by word of mouth, newspaper advertising, magazine advertisement, handbill, written notice, printed notice, printed display, billboard display, poster, radio announcement, and, any and all means including oral, written or printed; and
(7)
"Sales" means the sale or any offer to sell to the public goods, wares and merchandise of any and all kinds and descriptions on hand and in stock in connection with a declared purpose, as set forth by advertising, on the part of the seller that such sale is anticipatory to the termination, closing, liquidation, revision, windup, discontinuance, conclusion or abandonment of the business in connection with such sale. It also includes any sale advertised to be a "fire sale," "adjustment sale," "creditor's sale," "trustee's sale," "liquidation sale," "reorganization sale," "insurance salvage sale," "administrator's sale," "insolvent sale," "mortgage sale," "assignee's sale," "adjuster's sale," "receiver's sale," "loss-of-lease sale," "wholesaler's close-out sale," "creditor's committee sale," "forced-out-of-business sale," "removal sale" and any and all sales advertised in such manner as to reasonably convey to the public that upon disposal of the stock of goods on hand, the business will cease and be discontinued.
Acts 1953, ch. 201, § 1 (Williams, § 3496.1); T.C.A. (orig. ed.), § 6-714.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-402 - License requirement

No person, firm or corporation shall publish or conduct any sale of the type defined in §
6-55-401
without a license for the publication or conduct of such sale.
Acts 1953, ch. 201, § 2 (Williams, § 3496.2); T.C.A. (orig. ed.), § 6-715.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-403 - Application for license

(a)
The commissioner is hereby authorized and empowered to supervise and regulate sales or special sales defined in §
6-55-401
, and to issue appropriate licenses or license for such sales.
(b)
Such licenses or license shall be issued in the discretion of the commissioner of licenses upon the written application in a form approved by the commissioner and verified by the person who, or by an officer of the corporation that, intends to conduct such sale.
(c)
Such application shall contain:
(1)
A description of the place where such sale is to be held, the nature of the occupancy, whether by lease or sublease and the effective date of the termination of such occupancy, the means to be employed in publishing such sale, together with the proposed language content in any advertisements;
(2)
An itemized list of the goods, wares and merchandise to be offered for sale, the place where such stock was purchased or acquired, and if not purchased, the manner of such acquisition; and
(3)
Any additional information as the commissioner may require.
Acts 1953, ch. 201, § 3 (Williams, § 3496.3); T.C.A. (orig. ed.), § 6-716.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-404 - Issuance of license

Upon receipt of such application and payment of the fee prescribed in §
6-55-406
, the commissioner shall cause the same to be examined and investigated. If after such investigation the commissioner is satisfied as to the truth of the statements contained in such application and as to the form and content of the advertising to be used in connection with such sale, the commissioner may then issue a license permitting the publication and conduct of such sale. Such license shall be for a period of not exceeding thirty (30) days.
Acts 1953, ch. 201, § 3 (Williams, § 3496.3); T.C.A. (orig. ed.), § 6-717.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-405 - Renewal license

Upon satisfactory proof by the licensee that the stock itemized in the original application has not been disposed of, the commissioner may renew such license for an additional thirty-day period upon payment of the prescribed renewal fee. Such proof for a renewal license shall be furnished in a form to be issued by the commissioner. The renewal application shall contain an itemized list of stock on hand and the same shall be verified by the applicant. The commissioner shall cause the same to be examined and investigated, and if satisfied as to the truth of the statements therein contained, the commissioner may issue a renewal license for a period not exceeding thirty (30) days; provided, that not more than three (3) such renewals shall be granted for any such sale for the same location within a period of one (1) year from date of issuance of the first license.
Acts 1953, ch. 201, § 3 (Williams, § 3496.3); T.C.A. (orig. ed.), § 6-718.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-406 - Application fee

Upon filing an original application or a renewal application for a license to advertise and conduct a sale or special sale, as defined in §
6-55-401
, the applicant shall pay to the commissioner a fee in the sum of twenty-five dollars ($25.00). If any application or renewal application is disapproved, such payment shall be forfeited to the commissioner of licenses as and for the cost of investigating the statements contained in such application or renewal application.
Acts 1953, ch. 201, § 4 (Williams, § 3496.4); T.C.A. (orig. ed.), § 6-719.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-407 - Contents of advertising

(a)
All advertisements or advertising and the language contained therein shall be in accordance with the purpose of the sale as stated in the application pursuant to which a license was issued and the wording of such advertisements shall not vary from the wording as indicated in the application.
(b)
Such advertising shall contain a statement in these words and no others:
"Sale held pursuant to permit No. ______________ of department of licenses granted the ______________ day of ______________."
and in such blank spaces shall be indicated the permit number and the requisite dates.
Acts 1953, ch. 201, § 5 (Williams, § 3496.5); T.C.A. (orig. ed.), § 6-720.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-408 - Display of license - Books and records

(a)
Upon commencement of any sale, as defined in §
6-55-401
, the license issued by the commissioner shall be prominently displayed near the entrance of the premises.
(b)
A duplicate of the original application and stock list pursuant to which the license was issued shall at all times be available to the commissioner or to inspectors of the department of licenses, and the licensee shall permit such inspectors to examine all merchandise on the premises for comparison with such stock list.
(c)
Suitable books and records as prescribed by the commissioner shall be kept by the licensee and shall be at all times available to the inspectors of the department of licenses.
(d)
At the close of the business day the stock list attached to the application shall be revised and those items disposed of during such day shall be marked thereon.
Acts 1953, ch. 201, § 5 (Williams, § 3496.5); T.C.A. (orig. ed.), § 6-721.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-409 - Rules and regulations

The commissioner is further empowered to make such rules and regulations for the conduct and advertisement of such sale or special sale as in the commissioner's opinion will serve to prevent deception and to protect the public.
Acts 1953, ch. 201, § 3 (Williams, § 3496.3); T.C.A. (orig. ed.), § 6-722.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-410 - Suspension or revocation of license

The commissioner has the power to suspend or revoke at any time any license granted in accordance with this part.
Acts 1953, ch. 201, § 3 (Williams, § 3496.3); T.C.A. (orig. ed.), § 6-723.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-411 - Violations

Any person who violates, neglects or refuses to comply with any of the provisions of this part commits a Class C misdemeanor.
Acts 1953, ch. 201, § 7 (Williams, § 3496.7); T.C.A. (orig. ed.), § 6-724; Acts 1989, ch. 591, § 113.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-412 - Application of part

This part shall not apply to or affect the following persons:
(1)
Persons acting pursuant to an order or process of court of competent jurisdiction;
(2)
Persons acting in accordance with their powers and duties as public officers, such as sheriffs and marshals; or
(3)
Duly licensed auctioneers, selling at auction.
Acts 1953, ch. 201, § 6 (Williams, § 3496.6); T.C.A. (orig. ed.), § 6-725.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 4 - REGULATIONS OF LIQUIDATION SALES (§§ 6-55-401 — 6-55-413) › Section 6-55-413 - Adoption of part

Any municipality desiring to adopt this part may do so and in addition shall have the necessary power to take whatever additional steps are required to carry out the purpose of this part.
Acts 1953, ch. 201, § 8 (Williams, § 3496.8); T.C.A. (orig. ed.), § 6-726.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 5 - MOTOR VEHICLES (§§ 6-55-501 — 6-55-502) › Section 6-55-501 - Privilege tax on vehicles prohibited

The licensing as a privilege of the driving of any motor driven vehicle upon the roads, streets or other highways of the state is declared an exclusive state privilege and no tax for such privilege under any guise or shape shall hereafter be assessed, levied or collected by any municipality of the state.
Acts 1937 (3rd Ex. Sess.), ch. 18, § 1; C. Supp. 1950, § 3336.4; T.C.A. (orig. ed.), § 6-727.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 5 - MOTOR VEHICLES (§§ 6-55-501 — 6-55-502) › Section 6-55-502 - Conflicting ordinances invalid - Scope of part - License tax on nonresidents prohibited

(a)
All ordinances, rules or regulations heretofore passed, enacted or promulgated by any incorporated municipality of the state in conflict with §
6-55-501
are declared inoperative and of no effect.
(b)
Neither §
6-55-501
nor this section shall prohibit municipalities from maintaining and operating safety lanes, inspection bureaus or stations, or shall abridge their right to require city automobile tags.
(c)
No municipality shall require any person who does not reside within the municipality's corporate boundaries to purchase a city automobile tag, or pay any license fee, regulatory fee, inspection fee, safety inspection fee, or any citation or fine for noncompliance with any regulatory, license, or inspection requirement, or tax of whatever nature for the privilege of driving a motor vehicle on the roads, streets or highways of such municipality.
Acts 1937 (3rd Ex. Sess.), ch. 18, § 2; mod. C. Supp. 1950, § 3336.5; Acts 1977, ch. 190, § 1; 1978, ch. 784, § 1; T.C.A. (orig. ed.), § 6-728.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 6 - ASSESSORS OF PROPERTY AND ASSESSMENTS (§§ 6-55-601 — 6-55-605) › Section 6-55-601 - Municipal assessor of property

The governing body of any municipality is authorized to:
(1)
Elect an assessor of property, who shall be required to make and subscribe to an oath as provided by the general laws of the state for county assessors of property;
(2)
Prescribe the bond that the assessor of property shall give; and
(3)
Fix the assessor of property's compensation and the compensation of any and all deputies or employees.
Acts 1957, ch. 391, § 1; T.C.A., § 6-729; Acts 2008, ch. 971, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 6 - ASSESSORS OF PROPERTY AND ASSESSMENTS (§§ 6-55-601 — 6-55-605) › Section 6-55-602 - Procedure for assessments

All assessments made by an assessor of property elected pursuant to this part shall be made in accordance with the laws of the state by which such property is assessed for county purposes.
Acts 1957, ch. 391, § 2; T.C.A., § 6-730; Acts 2008, ch. 971, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 6 - ASSESSORS OF PROPERTY AND ASSESSMENTS (§§ 6-55-601 — 6-55-605) › Section 6-55-603 - Adoption of county assessments

In the event an assessor of property is not so elected, the governing body of any municipality may adopt, by ordinance or resolution, the assessments made by the county assessor of property within the confines of the municipality, and have the assessments as made by the county assessor of property copied and entered on the tax books of the municipality.
Acts 1957, ch. 391, § 3; T.C.A., § 6-731; Acts 2008, ch. 971, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 6 - ASSESSORS OF PROPERTY AND ASSESSMENTS (§§ 6-55-601 — 6-55-605) › Section 6-55-604 - Correction and equalization of assessments

The governing body of any municipality may provide by ordinance or resolution for the correction of erroneous assessments, and for equalization of assessments made by the assessor of property.
Acts 1957, ch. 391, § 4; T.C.A., § 6-732; Acts 2008, ch. 971, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 55 - LICENSING AND TAXING POWERS (§§ 6-55-101 — 6-55-605) › Part 6 - ASSESSORS OF PROPERTY AND ASSESSMENTS (§§ 6-55-601 — 6-55-605) › Section 6-55-605 - Construction of part

This part shall not be construed to alter or conflict with any other method provided by law that provides for a municipal assessor of property, or for equalization or correction of municipal tax assessments, or for an assessor and equalization or correction of assessments.
Acts 1957, ch. 391, § 5; T.C.A., § 6-733; Acts 2008, ch. 971, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-101 - [Repealed]

Repealed by 2022 Tenn. Acts, ch. 716,s 1, eff. 3/18/2022.
Acts 1917, ch. 64, § 1; Shan. Supp., § 1947a1; mod. Code 1932, § 3501; T.C.A. (orig. ed.), § 6-801.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-102 - [Repealed]

Acts 1917, ch. 64, § 2; Shan. Supp., § 1947a; 2; mod. Code 1932, § 3502; T.C.A. (orig. ed.), § 6-802.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-103 - [Repealed]

Acts 1917, ch. 64, § 3; Shan. Supp., § 1947a3; Code 1932, § 3503; impl. am. Acts 1971, ch. 162, § 3; T.C.A. (orig. ed.), § 6-803.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-104 - [Repealed]

Repealed by 2022 Tenn. Acts, ch. 716,s 1, eff. 3/18/2022.
Acts 1917, ch. 64, § 4; Shan. Supp., § 1947a4; Code 1932, § 3504; Acts 1970, ch. 426, § 15; T.C.A. (orig. ed.), § 6-804; Acts 1997, ch. 446, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-105 - Audit of subordinate agencies

(a)
The governing body of each municipality shall cause an annual audit to be made of the accounts and records of all departments, boards, and agencies under its jurisdiction that receive and disburse funds. The audit must include, but is not limited to, general funds, highway funds, school funds, public utilities, and municipal courts.
(b)
The comptroller of the treasury, through the department of audit, shall ensure that the audits are prepared in accordance with generally accepted governmental auditing standards and determine whether the audits meet minimum audit standards, which are prescribed by the comptroller of the treasury. An audit does not meet the requirements of this section until the audit has been approved by the comptroller of the treasury.
(c)
The audits may be prepared by certified public accountants or by the department of audit. The cost of each audit must be paid out of the funds of the municipality, and the governing body of the municipality shall appropriate a sufficient sum for that purpose.
(d)
If the governing body of the municipality fails or refuses to have the audit prepared, the comptroller of the treasury may appoint a certified public accountant or direct the department of audit to prepare the audit, the cost of such audit to be paid by the municipality.
(e)
All such audits must be completed as soon as practicable after the end of the fiscal year of the municipality. The preparer of the audit shall furnish one (1) copy of each audit to the mayor, chief executive officer, each member of the governing body, and the comptroller of the treasury. Copies of each audit must also be made available to the press.
(f)
The result of each audit must be kept as a public and permanent record of the municipality and is subject to the inspection of each citizen or taxpayer.
(g)
If a municipality fails to prepare auditable financial records in a timely manner, the comptroller of the treasury may appoint a certified public accountant or certified municipal finance officer to prepare financial records for the municipality's annual audit.
(h)
The internal audit staff of the municipality shall conduct audits in accordance with the standards established by the comptroller of the treasury pursuant to §
4-3-304(9)
.
Amended by 2022 Tenn. Acts, ch. 716, s 3, eff. 3/18/2022.
Acts 1972, ch. 602, § 1; T.C.A., § 6-811; Acts 1984, ch. 794, § 3; 2004, ch. 914, § 6d.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-107 - Selection of bonds for investment

(a)
For the purpose of carrying out §
6-56-106
, the governing body of the municipality may appoint a committee with authority to act in the premises and, unless the governing body shall designate the specific series of bonds in which such funds shall be invested, the selection of the series for investment of such funds as will be best suited to the requirements of the municipality shall be made by the committee.
(b)
No liability shall attach to any member of a committee selected for the aforementioned purpose, except for misfeasance or malfeasance in the performance of the duties imposed on the committee.
Acts 1943, ch. 47, § 2; C. Supp. 1950, § 3516.30 (Williams, § 3516.32); T.C.A. (orig. ed.), § 6-806.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-108 - Contributions to watershed development authority

Any municipality of this state may make financial contributions to any watershed development authority created by special act of the general assembly, where a portion or all of the watershed development administered by such authority lies within the county wherein such municipality is situated, and such municipality is participating directly or indirectly in such development. Such contributions shall only be made when authorized by the legislative body of such municipality from the general funds of such municipality. No special tax may be levied for such contributions. The amount of such contribution shall be fixed by such legislative body and sanctioned thereby as a municipal purpose, the development of which being beneficial to such municipality.
Acts 1965, ch. 343, § 1; T.C.A., § 6-807.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-109 - Acceptance of partial payments of property taxes - Acceptance of taxes paid by electronic funds

(a)
Any municipality that collects its own property taxes may by ordinance opt to accept partial payments of property taxes.
(b)
Prior to any municipality accepting partial payment of property taxes, the municipality must file a plan with the comptroller of the treasury. The plan must indicate that the municipality has the accounting system technology to implement a program for partial payment of property taxes. The plan shall also indicate whether such a program will be implemented within the existing operating resources of the municipal department collecting the tax or indicate prior approval of the municipal legislative body if additional operating resources are needed. This subsection (b) does not apply to any municipality which has implemented a partial payment program prior to March 29, 2010.
(c)
A municipality may accept taxes paid by electronic funds transfer, including, but not limited to, bank customer preauthorized payments, wire transfers or automated clearing house (ACH) credits. If the entire amount of taxes due is not paid prior to the delinquency date for such taxes, the entire property shall be subject to the tax lien and enforcement by a tax sale or other legally authorized procedures. Unless partial payment is made by electronic transfer of funds, if the municipality accepts partial payment within ten (10) days of the delinquency date, or at any time following such delinquency date, then prior to accepting such payment the municipality must inform the taxpayer of the delinquency date and must advise such taxpayer that the property may be subjected to a tax lien and enforcement by tax sale or other legally authorized procedures.
(d)
Direct bank transfers and partial payments are subject to the following guidelines:
(1)
Vouchers issued pursuant to a relief program shall be used as all or a portion of the final payment; and
(2)
A receipt shall be issued to the taxpayer for any partial payment of taxes. The receipt shall state that:
(A)
The payment is a partial payment of property taxes;
(B)
The balance owing on such taxes that must be paid prior to the delinquency date; and
(C)
A failure to pay the entire amount of the taxes prior to the delinquency date subjects any unpaid taxes to the penalties and interest applicable to delinquent taxes and subjects the entire property on which there is a lien for taxes to a tax sale. The final partial payment shall show that a zero (0) balance is owing or shall state that the taxes are paid in full. Receipts shall also be sent to the taxpayer for payments made by direct bank transfer of funds.
(e)
The powers conferred by this section are in addition to any existing powers conferred by statute, municipal charter or other law.
Acts 2010, ch. 660, § 1.
2023 Tennessee Code › Title 6 - CITIES AND TOWNS (§§ 6-1-101 — 6-59-107) › MUNICIPAL GOVERNMENT GENERALLY (§§ 6-51-101 — 6-59-107) › Chapter 56 - FISCAL AFFAIRS (§§ 6-56-101 — 6-56-408) › Part 1 - GENERAL PROVISIONS (§§ 6-56-101 — 6-56-151) › Section 6-56-110 - Depositories of municipal funds

(a)
(1)
The contracting authority for a municipality shall contract with a bank or banks making the best proposal to become the depository of municipal funds.
(2)
Before entering into a contract under subdivision (a)(1), the contracting authority for a municipality or the contracting authority's designee shall review and analyze the proposals from the banks. The analysis of the proposals should consider the bank or banks proposing the highest interest rate, potential service charges or other fees, factors affecting safety and liquidity of municipal funds, and any other relevant factors.
(b)
The contracting authority for the municipality shall require any bank that becomes a depository of municipal funds to secure the funds by collateral in the same manner and under the same conditions as state deposits under title 9, chapter 4, parts 1 and 4, or as provided in a collateral pool created under title 9, chapter 4, part 5.
(c)
Notwithstanding any law to the contrary, at least once every four (4) years, the contracting authority for the municipality or their designee shall reevaluate the contracts entered into pursuant to subsection (a). The contracting authority for the municipality or their designee shall base the evaluation on proposals obtained from at least two (2) banks. The contracting authority for a municipality or their designee shall prepare a written evaluation of the proposals and preserve the evaluations for at least three (3) years.
(d)
This section applies to any municipality that does not have banking evaluation provisions in its charter that are at least as detailed as those provided in this section.
Amended by 2019 Tenn. Acts, ch. 277,s 4, eff. 7/1/2019.
Acts 1992, ch. 592, § 8; 1994, ch. 752, § 8; 1997, ch. 217, § 1.