What do T.C.A. §§ 9-21-801 govern?

T.C.A. §§ 9-21-801 specifically govern regulations for tax and revenue anticipation notes. These notes are short-term borrowing instruments that municipalities can use to finance obligations until tax revenues or other revenues are received. This provision outlines the conditions under which municipalities can issue these notes, including the authorization process, limitations on amounts, and repayment requirements.

Understanding these regulations is crucial for municipal finance officers as it ensures that they manage cash flow effectively while adhering to state law. Anticipation notes are particularly important for municipalities that experience timing gaps between expenditures and revenue collection, making the knowledge of these regulations essential for effective financial management.

The other options refer to different financial instruments or regulations that do not align with T.C.A. §§ 9-21-801, highlighting the importance of being familiar with the specific laws that pertain to various types of municipal financing.