Authority to Contribute Money and Issue Bonds

  1. Law
  2. Tennessee Code
  3. Regional Authorities
  4. River Basin Development Authorities
  5. Tennessee Duck River Development Agency
  6. Authority to Contribute Money and Issue Bonds

Checkout our iOS App for a better way to browser and research.

The counties of Coffee, Bedford, Marshall and Maury and the towns and incorporated municipalities therein and other governmental entities electing to become a sponsoring and participating governmental entity pursuant to §64-1-601(c) are hereby authorized and empowered to:

  1. 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 bodies and governing bodies of such cities or towns are empowered to levy and collect ad valorem taxes for such purposes, which are declared to be for municipal and county public purposes; and
  2. Issue their bonds as provided in title 9, chapter 21, to obtain funds for the financing of public works by the agency or to secure advances made by federal agencies for the construction of public works in the Upper Duck River pursuant to cooperative agreements with the agency.


Download our app to see the most-to-date content.