§ 68-221-1006. Prerequisites for and Terms of Loans
Loans shall be made only to local governments that: Operate a wastewater facility that is on the department’s project priority ranking list established pursuant to § 68-221-804 and regulations thereunder; In the opinion of the authority, demonstrate sufficient revenues to operate and maintain the facility for its useful life and to repay the loan; Pledge […]
§ 68-221-1007. Wastewater Financing Board — Purpose
Recognizing that the operation of publicly owned water systems and wastewater facilities is necessary for the protection of the public health and the environment, and recognizing that water systems and wastewater facilities operating with continuous financial losses threaten the proper operation of water systems and wastewater facilities, it is declared to be the purpose of […]
§ 68-221-1008. Wastewater Financing Board — Created — Responsibility — Members — Terms — Expenses — Quorum — Conflict of Interest — Records — Duties of Director
A water and wastewater financing board is established in the office of the comptroller of the treasury to determine and ensure the financial integrity of certain water systems and wastewater facilities. The board is charged with the responsibility of furthering the legislative objective of self-supporting water systems and wastewater facilities in this state and shall […]
§ 68-221-1009. Wastewater Financing Board — Powers and Duties
Duties and authority of the board include, to: Adopt, modify, repeal, and promulgate rules in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, and, after due notice, to enforce rules and regulations which the board deems necessary for proper administration of §§ 68-221-1007 — 68-221-1012; Investigate and determine the financial […]
§ 68-221-1001. Short Title
This part shall be known and may be cited as the “Wastewater Facilities Act of 1987.”
§ 68-221-1002. Purpose and Intent
The purpose of this part is to: Facilitate statewide compliance with state and federal water quality standards; Provide local governments in the state with low-cost financial assistance relative to necessary wastewater facilities through the creation of a self-sustaining revolving loan program so as to improve and protect water quality and public health; and Establish fiscal […]
§ 68-221-1003. Part Definitions
As used in this part, unless the context otherwise requires: “Authority” means the Tennessee local development authority as created by title 4, chapter 31; “Board” means the wastewater financing board established by this part; “Clean water act” means the Water Pollution Control Act of 1972, P.L. 92-500, as amended, compiled in 33 U.S.C. § 1251 […]