§ 64-1-708. Annual Report
The board of directors of the agency shall report annually to the governing bodies of the various counties represented on the board of directors. Such reports shall include the statement of financial receipts and expenditures and a summary of all activities and accomplishments for the period and the proposed plans of the agency for the […]
§ 64-1-709. Cooperation With Tennessee Valley Authority and Other 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 the agency’s comprehensive development plan. Notwithstanding any law to the contrary, upon enactment of this section, the comprehensive development plan, as adopted, approved and amended by the agency, shall […]
§ 64-1-710. Severability — Construction
If any part, clause, sentence, paragraph or section of this part is held or declared to be unconstitutional or void, it shall not affect the remaining part or parts of this part. It is hereby declared to be the legislative intent to have passed the remainder of the part, notwithstanding any part held to be […]
§ 64-1-711. Contracts — Bidding — Conveyances — Appraisals — Bonds and Notes
Notwithstanding this part to the contrary, all purchases of and contracts for purchases of goods and/or services or contracts for the conveyance of agency land in excess of two thousand dollars ($2,000) entered into by the Tellico Reservoir development agency shall be based on competitive bidding. The agency shall solicit sealed bids by public notice, […]
§ 64-1-702. Board of Directors — Officers — Meetings — Expenses
The organization of the agency shall be as follows: The agency shall be governed by a board of directors consisting of nine (9) members; The county mayors of Monroe, Loudon and Blount counties shall be members of the board of directors; The county mayor of each of the counties named in subdivision (a)(2) shall appoint, […]
§ 64-1-703. Powers and Duties
The powers, duties and functions of the agency are to: General: Have perpetual succession in the corporate name; Sue and be sued in the corporate name; Adopt, use and alter a corporate seal, which shall be judicially noticed; Enter into such contracts and cooperative agreements with the United States and the Tennessee Valley authority for […]
§ 64-1-704. Bonds
Except as otherwise expressly provided in this section, all bonds issued by the agency are payable solely out of the revenues and receipts derived from the agency’s projects or of any thereof as may be designated in the proceedings of the board of directors under which the bonds are authorized to be issued, including debt […]
§ 64-1-705. Comprehensive Development Plan
The agency shall investigate the resources of the Little Tennessee River watershed, and especially the Tellico Reservoir project area and the East Tennessee region and, based upon the foregoing study, shall develop a comprehensive development plan for the economic growth and residential, recreational, commercial and industrial development of the development lands. In making such investigations […]
§ 64-1-706. Powers and Duties With Respect to Development
The agency may enter into contracts with municipalities, other public agencies or political subdivisions of any kind, corporations, public or private, or with others for the construction of facilities, utilities or for the provision of services within or in conjunction with development within the development lands that the agency determines are required for the development […]
§ 64-1-707. Powers of Represented Counties
The counties represented on the board of directors are hereby authorized and empowered to: Contribute to the public works of the agency any amount or amounts of money that their respective governing bodies, acting in their sole discretion, shall approve to be paid from the general fund of the respective county. The county legislative bodies […]