Tennessee § 68-211-914 - Authority as public instrumentality — Exemption from taxation — Bonds deemed to be securities.
Full text of Tennessee Tennessee Code Annotated § 68-211-914 — Authority as public instrumentality — Exemption from taxation — Bonds deemed to be securities., with citation guidance and answers to common questions.
§ 68-211-914. Authority as public instrumentality — Exemption from taxation — Bonds deemed to be securities.
The authority is declared to be performing a public function in behalf of each county or municipality with respect to which it is organized and to be a public instrumentality of such county, counties, municipality or municipalities. Accordingly, the authority and all properties at any time owned by it and the income therefrom and all bonds issued by it and the income therefrom shall be exempt from all taxation in the state of Tennessee. For purposes of the Tennessee Securities Act of 1980, compiled in title 48, chapter 1, part 1, bonds issued by the authority shall be deemed to be securities issued by a public instrumentality or a political subdivision of the state of Tennessee. Acts 1991, ch. 451, § 71; T.C.A., § 68-31-914 . Compiler's Notes. Former title 68, ch. 31, parts 1-9 were transferred to title 68, ch. 211, parts 1-9, respectively, in 1992. See the parallel reference table in § 68-211-101 for the former and new section locations.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 68-211-914
What does Tennessee Code Annotated § 68-211-914 cover?
Section 68-211-914 ("Authority as public instrumentality — Exemption from taxation — Bonds deemed to be securities.") 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 § 68-211-914?
A common citation format is "Tennessee Code Annotated § 68-211-914" (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 § 68-211-914 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.