9-9-105 - Retirement of obligations as charge on specified revenues.
9-9-105. Retirement of obligations as charge on specified revenues.
All obligations issued under the provisions of this chapter and Acts 1937, ch. 165, constitute a charge upon the entire net revenues derived from the special tax on petroleum products provided for by § 67-3-1303, one half (½) of the entire net revenues derived from motor vehicle registration fees, so much of the proceeds of any tax levied by the state on gasoline or other motor vehicle fuel as represents a tax of five cents (5¢) per gallon and the entire annual proceeds of franchise taxes imposed by the franchise tax law, compiled in title 67, chapter 4.
[Acts 1937, ch. 165, § 8 (Williams, § 1811.19); modified; T.C.A. (orig. ed.), § 9-906; Acts 1998, ch. 582, § 9.]