Capital Improvement Property

  1. Law
  2. Tennessee Code
  3. Consolidated Governments and Local Governmental Functions and Entities
  4. Miscellaneous Governmental and Proprietary Functions
  5. Contracts, Leases and Lease-Purchase Agreements
  6. Capital Improvement Property

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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.


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