(a) There is established a regional development authority, administratively attached to the department of general services, known as the 'Megasite Authority of West Tennessee.'(b) It is the intent of the general assembly by the passage of this chapter to promote economic development at or within the megasite, to generate high quality jobs at the megasite, in the surrounding areas, and in this state, and to encourage and promote development of manufacturing, warehouse, distribution, office, restaurant, retail, hotel, motel, communications systems, recycling, utilities, educational institutions, workforce housing, financial and recreational activities, other similar uses, and customary uses accessory or ancillary to such promotion; to establish the authority for the purposes of developing, incentivizing, operating, managing, and promoting the megasite; and to vest the authority with all powers that may be necessary to or consistent with accomplishing such purposes.(c) Chapter 6 of this title does not apply to the megasite.Added by 2021EX2 Tenn. Acts, ch. 1, s 1, eff. 11/3/2021.
Tennessee Legal Code