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.
Municipality's obligations not within debt limitations
Tenn. Code Ann. § 12-2-304, under Sales and Leases by Municipalities to and from Not-for-Profit Corporations.
Tenn. Code Ann. § 12-2-304