Tenn. Code Ann. § 4-31-410
Tax levy to meet payments
Last amended: 1986Year: 2026Length: 122 words
In the event the funds pledged shall be insufficient to meet the payments as established by the authority for its loan, the local government unit shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law. Acts 1986, ch. 846, § 13; 1990, ch. 885, § 18.
In the event the funds pledged shall be insufficient to meet the payments as established by the authority for its loan, the local government unit shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law.
Acts 1986, ch. 846, § 13; 1990, ch. 885, § 18.