Authority

Pursuant to the provisions of T.C.A. §4—3—702(c), the Commissioner of the Department of Economic and Community Development may promulgate rules and regulations necessary for the operation of the department or to effectuate any of the programs or responsibilities of any of the divisions of the department. The provisions of the Tennessee Allocation Plan for Private Activity Bonds (T.C.A. §9—20—101 et. seq.), authorize the Commissioner to allocate the State’s private activity bond authority among governmental units in the state having the authority to issue bonds under the federal internal revenue code.