Where is the state law on the allocation of Private Activity Bonds outlined?

The allocation of Private Activity Bonds is specifically addressed in T.C.A. §§ 9-20-101 to 9-20-106. This section of the Tennessee Code Annotated outlines the authority and procedures for the issuance and allocation of these bonds, which are crucial for facilitating various types of economic development projects.

Private Activity Bonds are often utilized to support projects that may not otherwise have access to the necessary financing, such as affordable housing, infrastructure, and other public benefits. Therefore, understanding the legal framework established in this section helps municipal finance officers navigate the complexities involved in managing these types of bonds, ensuring they are utilized in compliance with state laws.

Other sections of the Tennessee Code, such as those referring to public facilities, accounting procedures, or state employee benefits, do not specifically address Private Activity Bonds, making them less relevant for this particular issue.