GroundRules
Tenn. Code Ann. § 9-9-208: Authorization to cancel bonds - Factors in determination
Where this section sits in the code
- TN Code
- Title 9
- Chapter 9
The funding board is authorized, empowered and directed to cancel bonds authorized to be issued by the funding board upon its determination by resolution that one (1) of the following has occurred and the canceled amount of that bond authorization is no longer needed to fund the authorized project:
(1) The project has been financed with commercial paper and the commercial paper has been retired in whole or in part without issuance of bonds;
(2) The project was authorized to be financed with bonds but was financed in whole or in part with current funds;
(3) The bonds were authorized but are no longer necessary for a governmental purpose; or
(4) The amount of the remaining authorization is de minimis and as such will not be utilized.
Collected 2026-09-17T21:51:56Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Tennessee electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 76 only as a labeled supplement to the newer Open US Law rows. Source