Tenn. Comp. R. & Regs. 0400-45-04-.01

Current through October 22, 2024

Section 0400-45-04-.01 - PURPOSE

The primary purpose of "The Waterworks Construction Loan Act of 1974" is to provide loans to local units of government to stimulate the construction and improvements of needed water supply systems in order to provide the citizens of Tennessee, as well as visitors to the State, an adequate supply of safe water. In making these loans available, the State is in no way attempting to assume responsibilities of local government units to provide adequate water service to the people. As the funds available are sufficient to meet only a part of the total need, in making loans the State must place great emphasis on:

(1) Providing an adequate and safe supply of water for the area to be served;

(2) The availability of grants and loans from other sources;

(3) The creation of efficient systems of regional water supply; and

(4) The willingness and ability of local government units to meet their responsibilities through sound fiscal policies, creative planning, and efficient operation and management.

Tenn. Comp. R. & Regs. 0400-45-04-.01

Original rule filed October 16, 2012; effective January 14, 2013. Rule renumbered from 1200-05-04.

Authority: T.C.A. §§ 68-221-501 et seq. and 4-5-201 et seq.