Tennessee § 4-31-402 - Legislative intent.
Full text of Tennessee Tennessee Code Annotated § 4-31-402 — Legislative intent., with citation guidance and answers to common questions.
§ 4-31-402. Legislative intent.
The general assembly finds and declares that: Financing costs incurred by local governments in connection with capital projects are a significant factor in the ability of the local governments to meet the needs of their communities; and To the extent that financing of capital projects can be accomplished less expensively through the pooling together of needs and the use of less costly borrowing techniques, local governments would be better able to provide capital projects, and other essential services for the benefit of their citizens and taxpayers. It is accordingly in furtherance of the interests and welfare of all Tennesseans that the Tennessee local development authority be empowered to issue its revenue bonds and to make the proceeds available for loans to local government units for capital projects, at a cost that is lower than would otherwise be readily obtainable. It is intended that the Tennessee local development authority be vested with all powers necessary to accomplish these purposes. Acts 1986, ch. 846, § 13; 1990, ch. 885, § 7.
Frequently Asked Questions About Tennessee § 4-31-402
What does Tennessee Code Annotated § 4-31-402 cover?
Section 4-31-402 ("Legislative intent.") 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 § 4-31-402?
A common citation format is "Tennessee Code Annotated § 4-31-402" (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 § 4-31-402 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.