Allocation of funds — Criteria

Tenn. Code Ann. § 4-31-509, under Tennessee Local Development Authority Public Safety Protection Act of 2023.

Tenn. Code Ann. § 4-31-509

(1) In allocating loan funds to counties, the authority shall give consideration to, and apply, the following standards and criteria:(1) The need and desirability for such equipment; and(2) The ability of the county to secure borrowed money from other sources and costs thereof.

(1) The need and desirability for such equipment; and

(2) The ability of the county to secure borrowed money from other sources and costs thereof.