Bill > HB1500

This bill establishes the Humphreys County Water Authority, a public governmental body, to plan, acquire, operate, and finance water and wastewater systems for Humphreys County and surrounding regions, with its powers vested in a five-member board of commissioners appointed by county and city officials. The Authority can issue bonds and notes to fund these systems, enter into agreements with local governments, set rates and fees for services, and has the power of eminent domain to acquire necessary property, though it is exempt from taxation and certain state regulatory oversight, with its operations subject to an annual audit and budget. The bill also outlines the powers of Humphreys County and its cities, Waverly, McEwen, and New Johnsonville, to transfer their existing water and wastewater systems to the Authority and to issue joint obligations, and specifies that the act will only take effect if approved by a two-thirds vote of the Humphreys County legislative body.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1500&ga=114