Tennessee § 4-31-710 - Certificate filed by commissioner.

§ 4-31-710. Certificate filed by commissioner.

Prior to the issuance of bonds or notes pursuant to this part, the commissioner shall file with the authority a certificate to the effect that: The project to be financed from the proceeds of such bonds or notes constitutes a facility in accordance with § 33-2-402; Assisting the grantee in financing such project is in furtherance of the public purpose of the provision of mental health, intellectual disabilities, and alcohol and drug programs and services; and The costs of the project are reasonable and the revenues of the grantee will be sufficient to cover the costs of operation and maintenance of the facility, including depreciation and debt service. Such certificate by the commissioner shall be conclusive evidence that the projects to be financed from the proceeds of such bonds or notes are facilities that may properly be financed from the proceeds of such bonds or notes; however, such certificate shall not constitute a guarantee of the success of the project or of the loan obligation of the grantee. Acts 1990, ch. 975, § 1; 1993, ch. 234, § 31; 2000, ch. 947, § 8M; 2009, ch. 186, § 3; 2010, ch. 1100, § 18. Compiler's Notes. Acts 2010, ch. 1100, § 153 provided that the commissioner of mental health and developmental disabilities, the commissioner of mental health, the commissioner of intellectual and developmental disabilities, and the commissioner of finance and administration are authorized to promulgate rules and regulations to effectuate the purposes of the act. All such rules and regulations shall be promulgated in accordance with the provisions of the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.