§ 64-2-109. Operating Revenues
The revenues derived from the operation of the properties and facilities authorized, and the proceeds derived from the sale, transfer, lease or other disposition of any land or other facilities, shall be applied and used as follows: The payment of all operating expenses of the authority, except that the proceeds derived from the sale, transfer […]
§ 64-2-110. Contracts
All contracts of the authority shall be entered into and executed in such manner as may be prescribed by statutes, regulations and procedures governing contracting by county governments, but no contract or acquisition by purchase of equipment, apparatus, materials or supplies involving more than five thousand dollars ($5,000) or for construction, installation, repair or improvement […]
§ 64-2-111. Annual Report
The board shall report annually to the department of transportation and to the governing bodies of the various counties and cities within the boundaries of the authority. Such reports shall include statements of financial receipts and expenditures, statements from operators, a summary of activities and accomplishments for the period and proposed plans for the next […]
§ 64-1-1110. Budgetary Limitations
It is the legislative intent, hereby declared, that the purposes of this part shall be carried out subject to the availability of funds with which to do so and that this part shall not be implemented beyond budgetary limitations.
§ 64-1-1111. Relation to Existing Laws — Construction of Part
This part shall be considered supplemental and additional to any and all other laws and confers sufficient authority in and of itself for the purposes set forth in this part. This part shall be liberally construed to effectuate its purpose.
§ 64-2-101. Creation — Purpose
There is hereby created the North East Tennessee railroad authority in the counties of Anderson, Campbell and Scott. This authority is intended to secure economic benefits to the counties of Anderson, Campbell and Scott, by providing for the continuation of railroad service in Anderson, Campbell and Scott counties.
§ 64-2-102. Effective Date
This part shall take effect when: Two (2) or more of the counties of Anderson, Campbell, and Scott are authorized, by a vote of two-thirds (2/3) of their respective governing bodies, to become members of the authority; Evidence of such authorization is proclaimed and countersigned by the presiding officer of each ratifying county certified by […]
§ 64-2-103. Powers
Within the region of the authority, the authority may acquire, construct, operate, maintain and dispose of railroad facilities, properties and equipment and may, in addition to continuing the railroad service mentioned in this subsection (a), provide any other rail service in the region as the rail service is needed and feasible. The acquisition, construction, operation […]
§ 64-2-104. Organization and Operation — Board of Directors — Officers and Employees
The organization of the authority shall be as follows: The authority shall be governed by a board of directors; Membership of the board of directors shall consist of: The county mayor of each county becoming a member of the authority, in accordance with § 64-2-102; and One (1) member to be selected by the governing […]
§ 64-2-105. Employees, Professional Staff and Advisors
The directors are authorized to employ and fix the compensation of architects, attorneys, engineers, superintendents, consultants, professional advisors and other subordinate officers and employees, as may be necessary for the efficient management and operation of the authority and its facilities. Such persons shall continue in the employment of the authority at the will and pleasure […]