Legal Documents of Dandridge

Code of Dandridge

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Debt Management Policy » § 5-504 Authority and approval.
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Title 5
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Title 5, Chapter 1
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§ 5-101
Dandridge
Title 5 : Municipal Finance and Taxation
Chapter 5 : Debt Management Policy

5-504 : Authority and approval.

  1. The town will only issue debt by utilizing the statutory authorities provided by Tennessee Code Annotated as supplemented and revised ("TCA") and the Internal Revenue Code (the "code").
  2. The town will adhere to any lawfully promulgated rules and regulations of the state and those promulgated under the code. Bond anticipation notes, capital outlay notes, grant anticipation notes, and tax and revenue anticipation notes will be submitted to the State of Tennessee Comptroller's Office and the board of mayor and aldermen prior to issuance or entering into the obligation. A plan for refunding debt issues will also be submitted to the comptroller's office prior to issuance. Capital or operating leases may be entered into by the town; with details on the lease agreement to be forwarded to the comptroller's office as may be required.
  3. All debt will be formally authorized by resolution of the board of mayor and aldermen as may be required by law. (Ord. #11/12-08, Nov. 2011)
Date Last Updated: 09/10/2019
Codification Date: 06/01/2019

Officials at Date of Last Codification:

Mayor - George Gantte 
Vice Mayor - Todd Kesterson 
Aldermen - Mike Chambers 
Aldermen - Jeffrey Depew 
Aldermen - Jessie Elder 
Aldermen - Mike Nelson 
Aldermen - Marianne Reese 
Town Recorder - Cathy Dixon

Date Last Updated: 09/10/2019
Codification Date: 06/01/2019

Officials at Date of Last Codification:

Mayor - George Gantte 
Vice Mayor - Todd Kesterson 
Aldermen - Mike Chambers 
Aldermen - Jeffrey Depew 
Aldermen - Jessie Elder 
Aldermen - Mike Nelson 
Aldermen - Marianne Reese 
Town Recorder - Cathy Dixon