Tennessee § 9-9-118 - Authority to establish guidelines, rules and regulations.

§ 9-9-118. Authority to establish guidelines, rules and regulations.

The state funding board is authorized to establish guidelines, rules or regulations with respect to certain agreements and contracts facilitating the issuance and sale of debt by governmental entities established by private act, including contracts or agreements providing for liquidity and credit enhancement and reimbursement agreements relating thereto, interest rate swap or exchange agreements, agreements establishing interest rate floors or ceilings or both, other interest rate hedging agreements, and agreements with the purchaser of the debt when such agreements and contracts have been authorized under the private act subject to guidelines of the state funding board. Acts 2002, ch. 818, § 1; T.C.A. § 9-9-120 . Code Commission Notes. This section was renumbered from § 9-9-120 to § 9-9-118 by authority of the Code Commission in 2020.