Section 59-17-11 - Condition precedent to board action

The board shall take no action in building, constructing, acquiring, or developing any state-owned inland port unless the Tennessee Valley Authority or other governmental agency agrees to furnish at least seventy-five percent (75%) of the cost of building, acquiring, constructing, or developing said port.Codes, 1942, § 7623-04; Laws, 1968, ch. 430, § 4, eff. 8/8/1968.