(a) The purpose of this chapter is to provide a procedure for allocating the state‘s private activity bond authority among governmental units in the state having the authority to issue bonds under the Tax Reform Act of 1986.
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Terms Used In Tennessee Code 9-20-102

  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds on behalf of governmental units.
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