Tennessee § 4-17-302 - Economic development agreement defined.
Full text of Tennessee Tennessee Code Annotated § 4-17-302 — Economic development agreement defined., with citation guidance and answers to common questions.
§ 4-17-302. Economic development agreement defined.
As used in this part, unless the context otherwise requires: “Economic development agreement” means an agreement between a private entity and local government agency that permits use of specified property of the local government or its agencies for business or commercial purposes of the private entity, in order to promote local economic development, and that has the effect of reducing property taxes on such property below amounts that would be due if the property were owned by the private entity; and “Economic development agreement” includes, but is not limited to, leases or other agreements with private entities under the industrial development program provided in title 7, chapter 53, and redevelopment plans and agreements containing tax increment financing provisions authorized under title 13, chapter 20, including development authorities created by private act, as authorized pursuant to § 13-20-202(c). Acts 1992, ch. 1000, § 2; 2005, ch. 352, § 1.
Frequently Asked Questions About Tennessee § 4-17-302
What does Tennessee Code Annotated § 4-17-302 cover?
Section 4-17-302 ("Economic development agreement defined.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 4-17-302?
A common citation format is "Tennessee Code Annotated § 4-17-302" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 4-17-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.