TCA § 9-9-106 — Certification of amount necessary for payment of debt obligations

The state funding board shall certify to the commissioner of finance and administration from time to time, but not less than annually, the amount necessary, together with funds on hand derived from all sources, to enable the board to provide for the payment of the principal of and premium, if any, and interest on all debt obligations described in § 9-9-105(a) as and when the same shall become due and payable. Acts 1937, ch. 165, § 8 (Williams, § 1811.19); impl. am. Acts 1949, ch. 52, § 1; modified; impl. am. Acts 1959, ch. 9, § 8; Acts 1973, ch. 336, § 1; T.C.A. (orig. ed.), § 9-907; Acts 2013, ch. 176, § 5. Compiler's Notes. For codification of Acts 1937, ch. 165, see the Session Law Disposition Tables in Volume 13 of the Tennessee Code Annotated. Acts 2013, ch. 176, § 1 provided that the act, which amended this section, shall be known and may be cited as the “Hawkins-Wilson Act.” Acts 2013, ch. 176, § 11 provided that nothing in the act, which amended this section, shall be construed so as to impair the obligation of any contract made by the state of Tennessee upon any bond of the state issued under title 9, chapter 9 outstanding as of July 1, 2013. Cross-References. Parts of 1937 act left unrepealed, § 1-2-106 .