54-2-207 - Access improvement project committee created Members Loan procedure. - Tennessee Statutes

54-2-207. Access improvement project committee created Members Loan procedure.

(a)  The access improvement project committee is created, and shall be composed of the governor, or the governor's duly appointed representative, the comptroller of the treasury and the state treasurer, who shall serve as chair of the committee.

(b)  Requests for loans to finance access improvement projects shall be made to the chair, in the manner and form the committee prescribes, by any eligible political subdivision of this state.

(c)  The committee shall determine whether or not the request for an access improvement project meets the terms and provisions of this part.

(d)  If the committee determines that the request meets the terms of this part, the funds shall be disbursed to the political subdivision qualifying for the loan.

[Acts 1971, ch. 262, § 7; T.C.A., § 54-219.]