Legal Documents of Pittman Center

Code of Pittman Center

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 5 Debt Policy » § 5-503 Approval of debt.
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Title 5
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Title 5, Chapter 1
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§ 5-101
Pittman Center
Title 5 : Municipal Finance and Taxation
Chapter 5 : Debt Policy

5-503 : Approval of debt.

Bond anticipation notes, capital outlay notes, grant anticipation notes, tax and revenue anticipation notes (including any interfund loans) and certain nonexempt financing leases will be submitted to the State of Tennessee Comptroller's Division of Local Government Finance and the town board of mayor and aldermen prior to adoption of the authorizing resolution for capital outlay notes and prior to issuance or entering into all other notes. A plan for refunding debt issues will also be submitted to the comptroller's office prior to adoption of the authorizing resolution by the governing body and issuance. (Ord. #241, June 2012, as replaced by Ord. #329, Jan. 2024 Ch2_01-18-24)