Tennessee Code 11-7-105 – Authority of board
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In carrying out the purposes of the trust fund, the board is authorized to do the following:
Terms Used In Tennessee Code 11-7-105
- Board: means the governing body of the Tennessee heritage conservation trust fund. See Tennessee Code 11-7-102
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- Trust fund: means the Tennessee heritage conservation trust fund. See Tennessee Code 11-7-102