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TENNESSEE STATUTES AND CODES
7-51-902 - Capital improvement property.
7-51-902. Capital improvement property.
Any municipality is authorized to enter into, with any contracting party or parties, contracts, leases or lease-purchase agreements with respect to capital improvement property for terms not to exceed forty (40) years or the useful life of the subject capital improvement property, whichever is less.
[Acts 1983, ch. 186, § 2.]
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