§ 7-66-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Homestead Act.”
§ 7-66-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Administering agency” or “agency” means that organization that has been designated pursuant to the terms of this chapter to administer the Tennessee homestead program; “Conveyance property” means that real property that shall be subject to conveyance by sale or by lease upon compliance with certain […]
§ 7-66-103. Purpose of Chapter — Property Affected
This chapter shall provide for an alternative method for the acquisition and the disposition of real property owned by units of local government. This property shall include, but shall not be limited to, the following: Real property brought in by units of local government at delinquent tax sales; Other real property purchased by units of […]
§ 7-66-104. Election to Participate in Program
The local governing body of any county or municipality may, by resolution or by ordinance, elect to participate in this program. In the event a local governing body shall not elect to participate in this program, then acquisitions and dispositions of real property within the jurisdiction of such local governing body shall be governed under […]
§ 7-66-105. Implementation Plan
Upon election to participate in the program, the executive of the local unit of government shall develop an implementation plan, which shall be subject to majority approval by the local legislative body and shall include the following: Designation of the agency that shall administer the program. Such agency may be an existing agency or a […]
§ 7-66-106. Properties Assigned to Program — Notice — Removal
Declaration of properties that shall be assigned to the program must be made by public notice. Properties declared to be in the program shall remain in such program until removed by the administering agency and public notice of such removal is given.
§ 7-66-107. Provisions Governing Assigned Property
Properties that have been assigned to the program shall be governed exclusively by the terms of this chapter. Properties assigned to the program originating from federal governmental agencies shall be administered, conveyed, and disposed of in the manner prescribed by the laws, rules and regulations pertaining to such properties.
§ 7-66-108. Conveyance or Leasing of Real Property
The administering agency shall convey or lease the real property acquired for purposes of this chapter to those persons who have been designated as homesteaders, subject to such terms and conditions as shall be established by the agency. Upon compliance with such terms and conditions, that property that is designated as conveyance property shall be […]
§ 7-66-109. Rules and Regulations
The director of the agency shall prescribe such rules and regulations, including rules and regulations establishing standards and methods for the inspection of the building, the measure of rehabilitation progress, and such other rules and regulations as may be necessary to carry out this chapter.
§ 7-66-110. Exemption From Taxation
Any property held under this chapter with retention of the deed by the local governmental unit is deemed to be the property of the local governing unit held for public purposes and is exempt from property taxation.
§ 7-66-111. Applicability of Chapter
This chapter shall only apply to any county having a population greater than seven hundred fifty thousand (750,000), according to the 1980 federal census or any subsequent federal census.