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TENNESSEE STATUTES AND CODES
64-10-101 - Creation.
64-10-101. Creation.
(a) The East Tennessee Regional Agribusiness Marketing Authority is hereby created as a public body corporate and politic, referred to as the authority in this chapter. The authority is a public and governmental body acting as an agent and instrumentality of the counties with respect to which the authority is organized. As such, all property of the authority, both real and personal, are exempt from all local, state and federal taxation.
(b) The acquisition, operating and financing of the authority and related purposes are hereby declared to be for public and governmental purposes and a matter of public necessity to further the economy and growth of the agricultural industry of the region.
(c) The purpose of the East Tennessee Regional Agribusiness Marketing Authority is to establish and operate a market for agricultural products of the region through a food distribution center, to provide farmers of the region with a ready market for agricultural products, and to provide the citizens of the region and other buyers a convenient place to purchase these products.
[Acts 1998, ch. 998, § 2.]