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TENNESSEE STATUTES AND CODES
12-2-304 - Municipality's obligations not within debt limitations.
12-2-304. Municipality's obligations not within debt limitations.
The obligations assumed and undertaken by a municipality pursuant to a lease or sublease made under § 12-2-302(3), including any unconditional or other obligation to pay rentals for a fixed term or terms, shall not be deemed or construed as constituting a debt of the municipality within the terms, provisions or limitations of any constitutional, statutory, charter or other limitations.
[Acts 1965, ch. 328, § 4; T.C.A., § 12-232.]
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