Tennessee § 69-5-1108 - Proceeds of bond sale.
Full text of Tennessee Tennessee Code Annotated § 69-5-1108 — Proceeds of bond sale., with citation guidance and answers to common questions.
§ 69-5-1108. Proceeds of bond sale.
The proceeds of the bonds, when sold, shall be deposited with one (1) or more of the trustees as directors of such district shall direct, but so the same, or any part thereof, that may be placed in the hands of a county trustee other than the trustee of the county where the proceeding is pending, may be transferred to the trustee of the county where the proceeding is pending, if deemed best, to the end that the entire fund may be paid out by the trustee on proper warrants drawn. The county mayor of the county where the proceeding is pending shall draw all warrants upon, or against the funds, or proceeds of bonds to meet lawful demands of the district, as now provided by law, and draw warrants to transfer the funds as provided in this section. But any of the trustees before receiving any of the proceeds of such bonds shall give bond to account for them as the law now provides. Acts 1915, ch. 61, § 6; Shan., § 3871a168; Code 1932, § 4404; impl. am. Acts 1978, ch. 934, §§ 16, 36; T.C.A. (orig. ed.), § 70-1513; Acts 2003, ch. 90, § 2; T.C.A. § 69-6-1108 . Compiler's Notes. Acts 2003, ch. 90, § 2, directed the code commission to change all references from “county executive” to “county mayor” and to include all such changes in supplements and replacement volumes for the Tennessee Code Annotated.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 69-5-1108
What does Tennessee Code Annotated § 69-5-1108 cover?
Section 69-5-1108 ("Proceeds of bond sale.") 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 § 69-5-1108?
A common citation format is "Tennessee Code Annotated § 69-5-1108" (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 § 69-5-1108 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.