Establishes the North East Tennessee railroad authority to secure economic benefits in six counties through continued railroad service.
The bill creates the North East Tennessee railroad authority to provide economic benefits in Anderson, Campbell, Scott, Claiborne, Union, and Grainger counties by maintaining railroad service. Four or more of these counties can join the authority with a two-thirds vote of their governing bodies. The authority must follow county contracting statutes and regulations, with specific requirements for advertising and bidding on contracts exceeding certain thresholds. The act takes effect immediately upon becoming law.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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