7-86-121 - Sale of bonds or notes Revenue. - Tennessee Statutes

7-86-121. Sale of bonds or notes Revenue.

(a)  Bonds or notes issued pursuant to the provisions of this part may be sold at either public sale or private negotiated sale.

(b)  All revenues, including any debt obligation issued for the purpose of a lease/lease purchase, must be expended according to the provisions of the County Purchasing Law of 1983, compiled in title 5, chapter 14, part 2. For the purposes of applying title 5, chapter 14, part 2, the district board of directors is deemed to be the governing body.

[Acts 1992, ch. 891, § 9.]