Upon election to participate in the program, the executive of the local unit of government shall develop an implementation plan, which shall be subject to majority approval by the local legislative body and shall include the following:

(1) Designation of the agency that shall administer the program. Such agency may be an existing agency or a new agency created for purposes of administering the program;

Terms Used In Tennessee Code 7-66-105

  • agency: means that organization that has been designated pursuant to the terms of this chapter to administer the Tennessee homestead program. See Tennessee Code 7-66-102
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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
(2) A description of the method of selection of the properties that are to be assigned to participate under this chapter;
(3) A description of the conditions and criteria that shall be used to select homesteaders for participation in multi-family housing development;
(4) A description of the conditions and criteria that shall be used to select homesteaders for participation in single family housing units;
(5) A description of the conditions and criteria for conveyance of property to homesteaders, whether by deed or by lease;
(6) A description of building standards and codes that shall apply to the designated properties and the methods of monitoring these standards;
(7) A description of the approach that shall be taken to coordinate the homesteading program with state and federal agencies;
(8) A description of technical and financial assistance and incentives that shall be available to homesteaders;
(9) A description of the methods by which property shall be acquired and disposed of; and
(10) Other conditions and criteria as deemed to be in the public interest.
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