64-2-103 - Powers. - Tennessee Statutes

64-2-103. Powers.

(a)  Within the region of the authority, the authority may acquire, construct, operate, maintain and dispose of railroad facilities, properties and equipment, and may, in addition to continuing the railroad service mentioned in this subsection (a), provide any other rail service in the region as the rail service is needed and feasible.

(b)  The acquisition, construction, operation and maintenance of such properties and facilities are hereby declared to be public and governmental functions. The powers granted in this part, in connection with the acquisition, construction, operation and maintenance of the properties and facilities, are declared to be public and corporate purposes and matters of public necessity.

(c)  The authority may use any property, right-of-way, easement or other similar property right necessary or convenient in connection with the acquisition, improvement, operation or maintenance of the facilities authorized in this part, held by the state or any county or municipality in the state; provided, that such governmental agency consents to such use, and that there is compliance with all statutes, regulations and procedures regulating the use, management and disposition of state property.

[Acts 2005, ch. 396, § 4.]