The county legislative bodies of Decatur, Hardin, Perry and Wayne counties, individually or together, have all necessary powers in order to further the purposes of this chapter. The participating counties are authorized to appropriate to the port authority from their general funds, or such other funds as may be unappropriated, in furtherance of the powers granted by this chapter including, without limitation, the following, any or all of which powers may be exercised by resolution of their governing bodies:

(1) Advance, donate or lend money, raised from any source and by any means, or real or personal property, to the authority;

Terms Used In Tennessee Code 64-4-108

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(2) Provide that any funds on hand or to become available to it for port purposes shall be paid directly to the authority;
(3) Cause water, sewer, gas, electric or other utility services to be provided to the authority;
(4) Open and improve streets, roads and alleys to the port;
(5) Provide police and fire protection services to the port;
(6) Pay the expenses of the port authority board of commissioners or the expenses of operation of any of the facilities authorized by this chapter;
(7) Levy a tax, in addition to all other taxes, upon all taxable property within each county, sufficient to pay the appropriation made by it to the port authority; and
(8) Pledge the full faith and credit and unlimited taxing power of the county as surety to the payment of the authority’s bonds.
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