It is the duty of a receiver to:(1) Immediately, either directly or through agents and attorneys, enter and take possession of each and every part of the public works project;(2) Have, hold, use, operate, manage and control the public works project in the name of the local government or otherwise, as the receiver may deem best;(3) Exercise all the rights and powers of the local government with respect to the public works project which the local government itself might exercise;(4) Maintain, restore, insure and keep insured the public works project and from time to time shall make all necessary or proper repairs as the receiver may deem expedient;(5) Establish, levy, maintain and collect such fees, tolls, rentals, and other charges in connection with the public works project as the receiver may, subject to approval of the court, deem necessary or proper and reasonable; and(6) Deposit the revenues in a separate account and apply the revenues so collected and received in such manner as the court shall direct.Acts 1986, ch. 770, § 3-13.
Tennessee Legal Code