§ 11-14-407. Condemnation or Eminent Domain Prohibited — Exception
No property shall be acquired under this part through condemnation or the use of eminent domain under title 29, Chapters 1 6 and 17, with the exception that condemnation or the use of eminent domain may be used to acquire, under this part, certain property in Scott and Campbell counties known as the “Koppers Properties.”
§ 11-14-305. Source of Revenue
Except as otherwise provided in subsection (b), the state treasurer shall deposit and hold all revenues from the following sources in the trust fund: Royalties, lease payments, or other revenues collected under leases or other agreements for the extraction of, or right to extract, any state-owned minerals from the land, and the proceeds from the […]
§ 11-14-306. Investments — Separate Account — Protection of Fund
Funds in the natural resources trust fund established by this part shall be invested by the state treasurer pursuant to policy guidelines, established by resolution of the funding board, created by § 9-9-101. The funding board shall establish the policy guidelines for investment of the natural resources trust fund in any manner which is lawful […]
§ 11-14-307. Use of the Fund
All revenues deposited to the trust fund pursuant to § 11-14-305, other than investment income, shall constitute the corpus of the trust fund. The corpus of the trust fund shall not be expended for any purpose. The balance of the yearly interest and earnings of the trust fund shall be separately accounted for but may […]
§ 11-14-308. Reviewing and Evaluating Projects for Possible Funding — Development of Procedures
The commissioner of environment and conservation, in consultation with the commissioner of finance and administration, shall develop procedures for the purpose of reviewing and evaluating projects for possible funding, pursuant to § 11-14-307(b)(1) of the natural resources trust fund. Prior to implementing the procedures, the commissioner of environment and conservation shall forward the procedures to […]
§ 11-14-401. Short Title — Acquisition of Wetlands and Forests — Part Definitions
This part, as well as § 67-4-409(g), shall be known and may be cited as the “U.A. Moore Wetlands Acquisition Act.” The general assembly finds and declares that it is in the general interest of the people of Tennessee: To preserve certain wetlands and bottomland hardwood forests in our state, those being defined as follows: […]
§ 11-14-402. Acquisition Priorities
Priorities for wetland and bottomland hardwood forest acquisition shall be directed jointly by the director of the wildlife resources agency and the commissioner of agriculture, or their designees. The two (2) shall meet periodically as needed to set the priorities for wetland and bottomland hardwood forest acquisition, and no individual tract shall be purchased without […]
§ 11-14-403. Agreement With Private Corporations to Identify and Acquire Wetlands and Forests
The director of the wildlife resources agency, with the approval of the state building commission, may identify appropriate private, nonprofit corporations to assist with acquisition of wetlands and bottomland hardwood forests on behalf of the state. The director is authorized, with the approval of the state building commission, to enter into agreements with such corporations […]
§ 11-14-404. Inventory of Wetlands and Forests
The director is authorized to maintain an inventory of rare and significant biological and geological wetlands and bottomland hardwood forests worthy of protection under the terms and conditions of this part. Such inventory shall include, but not necessarily be limited to, locations for unique wetlands, scenic wetlands, wetlands which are excellent examples of wildlife habitat, […]
§ 11-14-405. Property Tax Exemption
Wetlands and bottomland hardwood forests acquired by the state of Tennessee shall be exempt from all state and local property taxes.