The board shall administer this part and has the following powers and duties:(1) Declare as 'enterprise zones' areas for which the municipality has submitted documentation to the board, in the form of an application for designation;(2) Recommend suspension of local regulations within the zone or zones not specifically suspended by this part, when the board determines such suspension to be appropriate;(3) Provide individuals who meet the criteria of this part with enterprise zone residency certificates, which individuals can use for the benefits of this part, and which businesses can use to verify that they have met the requirements to qualify as 'qualified businesses';(4) Monitor the implementation and operation of this part;(5) Assist the municipality in obtaining demonstration project status and assistance from the state or federal government, including the suspension of state and federal regulations within the enterprise zones;(6) Submit reports evaluating the effectiveness of the program and any suggestions for local regulation changes to the municipality or suggestions for state regulation changes to the governor and the general assembly by January 1 of each year; and(7) the program and any suggestions for local regulation changes to the municipality or suggestions for state regulation changes to the governor and the general assembly by January 1 of each year; and(7) Promulgate necessary rules and regulations and to prescribe procedures to effectuate the purposes of this part.Acts 1989, ch. 541, § 5.
Tennessee Legal Code