54-2-108 - Short-term notes Issuance in anticipation of collections to start construction of any project. - Tennessee Statutes

54-2-108. Short-term notes Issuance in anticipation of collections to start construction of any project.

The commissioner of finance and administration and state treasurer shall anticipate the collection of highway funds, and issue short-term notes when requested by the department of transportation, to start the construction or reconstruction of any project that has been accepted by an officer or agency of the federal government, as provided in any act of congress granting funds for the construction of roads, and as provided in this chapter and chapters 1 and 5 of this title.

[Acts 1917, ch. 74, § 11; Shan., § 1720a29b44 (p. 6553); Shan. Supp., § 1720a7b75; Code 1932, § 3235; modified; impl. am. Acts 1959, ch. 9, § 3; impl. am. Acts 1961, ch. 97, § 3; impl. am. Acts 1972, ch. 829, § 7; T.C.A. (orig. ed.), § 54-208; Acts 1981, ch. 264, § 12.]