Capital outlay notes may be refunded with general obligation refunding bonds as provided in part 9 of this chapter or with public building authority loans as provided in title 12, chapter 10; provided, however, that if the final maturity of the refunding bonds or public building authority loans exceeds the final maturity of the capital outlay notes being refunded, then an initial resolution authorizing general obligation refunding bonds or public building authority loans must be adopted in conformance with § 9-21-205 or § 12-10-116, and must conform to § 9-21-206, requiring publication of the resolution and the notice required by that section, as applicable. Sections 9-21-207 and 9-21-209 - 9-21-212, governing election requirements and procedures, and § 9-21-215, governing the adoption of a tax resolution by the governing body of the local government, also apply.Amended by 2022 Tenn. Acts, ch. 822, s 3, eff. 4/14/2022.Amended by 2021 Tenn. Acts, ch. 128, s 15, eff. 4/13/2021.Acts 1986, ch. 770, § 6-6; 2010 , ch. 868, § 55.
Tennessee Legal Code