Tenn. Code § 7-51-902
Current through Acts 2023-2024, ch. 1069
Any municipality is authorized to enter into, with any contracting party or parties, contracts, leases or lease-purchase agreements with respect to capital improvement property for terms not to exceed forty (40) years or the useful life of the subject capital improvement property, whichever is less.
T.C.A. § 7-51-902