Which document would typically guide a local municipality in their debt issuance?

The Tennessee Debt Manual is specifically designed to assist local municipalities in understanding the rules and regulations governing debt issuance within the state. It provides comprehensive guidance on various aspects related to municipal finance, such as the legal framework, types of debt instruments available, processes for issuing bonds, and compliance with both state and federal regulations. By utilizing this manual, municipalities can ensure that they are adhering to the correct procedures and are equipped with the necessary knowledge to make informed decisions regarding their debt issuance.

In contrast, the IRS Tax Manual focuses primarily on federal tax regulations and may not provide specific guidance for local municipalities in terms of debt issuance processes at the state or local level. The Federal Debt Guide addresses broader federal-level issues related to debt but may not include detailed information relevant to individual municipalities. The Municipal Bond Handbook, while a useful resource, does not typically serve as a guiding document specifically tailored for municipalities in Tennessee regarding their particular debt issuance practices.