Tennessee § 4-31-409 - Allocation of funds — Criteria.
Full text of Tennessee Tennessee Code Annotated § 4-31-409 — Allocation of funds — Criteria., with citation guidance and answers to common questions.
§ 4-31-409. Allocation of funds — Criteria.
In allocating loan funds to local government units, the authority shall give consideration to, and apply, the following standards and criteria: The need and desirability for capital projects; and The ability of the local government unit to secure borrowed money from other sources and costs thereof. Acts 1986, ch. 846, § 13; 1990, ch. 885, § 17.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 4-31-409
What does Tennessee Code Annotated § 4-31-409 cover?
Section 4-31-409 ("Allocation of funds — Criteria.") 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 § 4-31-409?
A common citation format is "Tennessee Code Annotated § 4-31-409" (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 § 4-31-409 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.