Private Acts of 1983 Chapter 119

SECTION 1. That Section 4 of Chapter 99 of the 1963 Private Acts of the State of Tennessee, Section 4 of Chapter 212 of the 1970 Private Acts of the State of Tennessee, and Section 4 of Chapter 247 of the 1972 Private Acts of the State of Tennessee are hereby amended by deleting the last sentence of Section 4 of each of said Acts and substituting in lieu thereof the following:

Said taxes shall continue to be collected by the Trustee of the County, as other taxes are collected by him, and kept in a separate account from all other funds belonging to said Special School District to be used for the purpose of paying principal of and interest on said bonds as they come due and for the purpose of building new school buildings, adding to, repairing, improving, enlarging and equipping school buildings and properties of said District as the Board of Commissioners of said District shall deem necessary and proper, including the purchase of any necessary real estate or interests in real estate, and the development of same for school purposes.

SECTION 2. This Act shall take effect upon becoming a law, the public welfare requiring it.

Passed: April 28, 1983.