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Terms Used In Tennessee Code 2-9-114

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

All moneys paid by the county to the coordinator of elections under the provisions of either the contract, lease and option or the “voting machine loan agreement” shall be paid into the “voting machine loan fund” and shall be used to fund subsequent loans pursuant to § 2-9-112 in the manner provided by law. Nothing in this section shall be construed to exclude or prevent future appropriations for the purpose of funding the voting machine loan fund.