Tennessee § 7-41-108 - Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project.
Full text of Tennessee Tennessee Code Annotated § 7-41-108 — Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project., with citation guidance and answers to common questions.
§ 7-41-108. Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project.
Any bonds, notes, refunding bonds, or other indebtedness relative to the cost of an economic development project must not be issued for a term longer than thirty (30) years, and the municipality or industrial development corporation may pledge all proceeds or taxes it receives pursuant to this chapter to the payment of principal and interest on the bonds, notes, or other indebtedness. The thirty-year period in this section runs concurrently with the time limitation established in § 7-41-106 . Acts 2019, ch. 498, § 9. Effective Dates. Acts 2019, ch. 498, § 15. July 1, 2019.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-41-108
What does Tennessee Code Annotated § 7-41-108 cover?
Section 7-41-108 ("Bonds, notes, refunding bonds, or other indebtedness relative to cost of economic development project.") 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 § 7-41-108?
A common citation format is "Tennessee Code Annotated § 7-41-108" (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 § 7-41-108 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.