Any consolidated board of education created under §§ 49-2-1251 — 49-2-1266 has the authority to issue bonds as a separate and independent local government under the Local Government Public Obligations Act of 1986, compiled in title 9, chapter 21.
Multi-county consolidated school systems — Issuance of bonds
Tenn. Code Ann. § 49-2-1258, under Consolidation of Systems.
Tenn. Code Ann. § 49-2-1258