Statutes > Tennessee Statutes > Title 12 - Public Property, Printing And Contracts > Chapter 2 - Administration and Disposition of State Property > Part 3 - Sales and Leases by Municipalities to and from Not-for-Profit Corporations > 12-2-304 - Municipality's obligations not within debt limitations.

12-2-304 - Municipality's obligations not within debt limitations.

12-2-304. Municipality's obligations not within debt limitations.

The obligations assumed and undertaken by a municipality pursuant to a lease or sublease made under § 12-2-302(3), including any unconditional or other obligation to pay rentals for a fixed term or terms, shall not be deemed or construed as constituting a debt of the municipality within the terms, provisions or limitations of any constitutional, statutory, charter or other limitations.

[Acts 1965, ch. 328, § 4; T.C.A., § 12-232.]