Tennessee § 9-13-205 - Security for loans — Pledges — Disposition of proceeds — Withholding of state-shared taxes.
Full text of Tennessee Tennessee Code Annotated § 9-13-205 — Security for loans — Pledges — Disposition of proceeds — Withholding of state-shared taxes., with citation guidance and answers to common questions.
§ 9-13-205. Security for loans — Pledges — Disposition of proceeds — Withholding of state-shared taxes.
The state funding board shall establish the terms and conditions of loan guarantees to local governments and may require such guarantees or security as it deems necessary to adequately secure the loans. The local government shall pledge the full faith and credit of the local government as security for any loan or loan guarantee. The local government shall also agree to pledge a sufficient amount of state-shared taxes to make principal and interest payments on the loan guaranteed by the state. The commissioner of finance and administration is authorized to withhold such sum or part of such sum from any state-shared taxes which are otherwise apportioned to the local government. Acts 1984, ch. 996, § 6; 1992, ch. 526, § 7; 1995, ch. 63, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-13-205
What does Tennessee Code Annotated § 9-13-205 cover?
Section 9-13-205 ("Security for loans — Pledges — Disposition of proceeds — Withholding of state-shared taxes.") 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 § 9-13-205?
A common citation format is "Tennessee Code Annotated § 9-13-205" (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 § 9-13-205 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.