Bill > SB2946

This bill creates and establishes the "West Tennessee Regional Utility Authority" for Tipton County, Tennessee. The Authority is a public and governmental body with the power to plan, acquire, operate, and finance water and/or wastewater systems within or without the geographic or service boundaries of Tipton County and any other participating governmental entities. The bill outlines the Authority's governance, powers, and ability to issue bonds and notes to fund its operations. It also provides for the transfer of existing water and wastewater systems to the Authority and allows other counties, municipalities, and districts to join the Authority through a membership agreement. The bill is subject to local approval by a two-thirds vote of the legislative body of Tipton County.