§ 64-1-507. Issuance of Bonds — Securing of Bonds
The agency is authorized and empowered to issue its bonds from time to time in an amount not to exceed a total of two million dollars ($2,000,000) outstanding at any time for the purpose of paying in whole or in part the cost of acquiring lands or interests in land and of constructing facilities and […]
§ 64-1-508. Authority to Contribute Money and Issue Bonds
The various counties, towns and incorporated municipalities in the region are hereby authorized and empowered to: Contribute to the work of the agency any amount or amounts of money that their respective governing bodies, acting in their sole discretion, approve to be paid from the general fund of the respective county or city. County legislative […]
§ 64-1-509. Annual Reports
The board of directors of the agency shall report annually to the governor, and to the governing bodies of the various counties, towns and incorporated municipalities of the region. The reports shall include a statement of financial receipts and expenditures and a summary of all activities and accomplishments for the period and proposed plans for […]
§ 64-1-510. Cooperation From State Agencies
All agencies of the state are hereby authorized and directed to extend their cooperation and lend assistance to the agency in the formulation and implementation of its planning and development program.
§ 64-1-501. Creation — Purpose
There is created the Sequatchie Valley educational development agency, being a public body corporate and politic and referred to as the “agency” in this part. The agency is created for the purpose of developing the field of education for the region covered by Bledsoe, Marion, Rhea, Grundy, and Sequatchie counties, referred to as the “region” […]
§ 64-1-502. Board of Directors — Officers — Meetings — Expenses — Removal
The agency shall be governed by a board of directors, referred to as the “board” in this part, consisting of the following members, to serve until their successors are appointed: The county mayor of each of Bledsoe, Marion, Rhea, Grundy and Sequatchie counties shall during that county mayor’s term as county mayor be a member […]
§ 64-1-503. General Powers and Duties
The agency has the following general powers, functions, and duties: Perpetual succession in the corporate name; Sue and be sued in the corporate name; Adopt, use, and alter a corporate seal, which is judicially noticed; Enter into contracts and cooperative agreements with federal, state, and local governments, and other agencies, with private individuals, corporations, associations, […]
§ 64-1-506. Construction and Operation of Regional Facilities
Without derogating from any of its powers, duties, functions and responsibilities as set forth in the other provisions of this part, the agency is specifically authorized to: Make plans for the construction, operation, and maintenance of regional educational facilities in one (1) or more of the five (5) counties constituting the region; and Take all […]