Tennessee § 9-21-1015 - Rates prescribed sufficient to produce sufficient revenues.
Full text of Tennessee Tennessee Code Annotated § 9-21-1015 — Rates prescribed sufficient to produce sufficient revenues., with citation guidance and answers to common questions.
§ 9-21-1015. Rates prescribed sufficient to produce sufficient revenues.
The governing body of a local government issuing revenue refunding bonds pursuant to this part and part 1 of this chapter shall prescribe and collect reasonable rates, fees or charges for the services, facilities and commodities of the enterprise, and shall revise such rates, fees or charges from time to time whenever necessary so that the enterprise shall be and always remain self-supporting. The rates, fees or charges prescribed shall be at least sufficient to produce revenue to: Provide for all expenses of operation and maintenance of the enterprise, including reasonable reserves therefor; and Pay when due all bonds and interest thereon, for the payment of which such revenue is or shall have been pledged, charged or otherwise encumbered, including reasonable reserves therefor. Acts 1986, ch. 770, § 10-15.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-21-1015
What does Tennessee Code Annotated § 9-21-1015 cover?
Section 9-21-1015 ("Rates prescribed sufficient to produce sufficient revenues.") 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 § 9-21-1015?
A common citation format is "Tennessee Code Annotated § 9-21-1015" (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 § 9-21-1015 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.