Notwithstanding any other law, neither the board nor any institution that is authorized under this part to borrow money, issue bonds or notes or obtain loans shall do so without first securing the approval of the state school bond authority.
State approval for bond issuance
Tenn. Code Ann. § 49-3-1106, under Educational Institutions Law of 1943.
Tenn. Code Ann. § 49-3-1106