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2017 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 14 - Development District Act of 1965
Part 2 - Community-Based Development Organizations
§ 13-14-202. Community-based development organization defined.
Universal Citation: TN Code § 13-14-202 (2017)
- A community-based development organization is an organization that:
- (1) Is established under the state charter provisions of the Tennessee Code;
- (2) Has qualified for tax exempt status under § 501(c)(3) of the Internal Revenue Code, codified in 26 U.S.C. § 501(c)(3);
- (3) Has a purpose, stated in the articles of incorporation, to serve low and moderate income people's need for community development and community self-help;
- (4) Was not organized and is not controlled by governmental entities or agents; and
- (5) Was not organized and is not controlled by a for-profit entity or agent.
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