Tennessee Code 13-23-126 – Authority to accept funds

(a) The agency is authorized to accept such moneys as may be appropriated from time to time by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of a reserve or contingency fund to be available for the payment of the principal of and the interest on any bonds or notes of the agency.

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Terms Used In Tennessee Code 13-23-126

Agency: means the Tennessee housing development agency created by this part. See Tennessee Code 13-23-103
notes: means the bonds and notes respectively authorized to be issued by the agency under this chapter. See Tennessee Code 13-23-103

(b) The agency is authorized to accept funds from any other legal and appropriate source for effectuating its corporate purposes.

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Tennessee Code 13-23-126 – Authority to accept funds

Terms Used In Tennessee Code 13-23-126

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