Tennessee Code 9-9-106 – Certification of amount necessary for payment of debt obligations
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Terms Used In Tennessee Code 9-9-106
- 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
The state funding board shall certify to the commissioner of finance and administration from time to time, but not less than annually, the amount necessary, together with funds on hand derived from all sources, to enable the board to provide for the payment of the principal of and premium, if any, and interest on all debt obligations described in § 9-9-105(a)as and when the same shall become due and payable.