4-31-304 - Loans Priority. - Tennessee Statutes

4-31-304. Loans Priority.

(a)  Loans under this program shall be made only for projects that are designed to stimulate the growth of manufacturing jobs.

(b)  (1)  The first priority for loans shall be projects that are related to an industrial location or expansion.

     (2)  Second priority projects shall be those that create the conditions for future industrial growth.

(c)  Eligible projects shall be limited to the following:

     (1)  Water and sewerage treatment plants that will serve industrial land;

     (2)  Water distribution lines and sewerage collection lines that will serve industrial land;

     (3)  The development of industrial land (including ports), with eligible costs to include the following:

          (A)  Land purchase (including easements);

          (B)  Site preparation;

          (C)  Extension of utilities, including, but not limited to, electrical and gas;

          (D)  Road access; and

          (E)  Environmental monitoring equipment; and

     (4)  The construction and renovation of publicly owned industrial buildings.

[Acts 1981, ch. 453, § 4.]