Tennessee Code 68-205-113 – Requirement of written contract to repay financing of qualified project through special assessments prohibited
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A local government that establishes a region shall not:
Terms Used In Tennessee Code 68-205-113
- Contract: A legal written agreement that becomes binding when signed.
- Financing: means financing and refinancing for qualified projects under this chapter. See Tennessee Code 68-205-102
- Local government: means a county, metropolitan government, municipality, or other political subdivision of this state. See Tennessee Code 68-205-102
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- Qualified project: means a project approved by the program administrator, involving the installation or modification of a qualified improvement, including new construction or the adaptive reuse of eligible property with a qualified improvement, and including qualified improvements installed no more than two (2) years prior to the date of application. See Tennessee Code 68-205-102
- Region: means a geographical area as determined by a local government pursuant to §. See Tennessee Code 68-205-102
- written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105