Contract for development, redevelopment, or operation of transportation facility

In addition to any authority otherwise conferred by law, any public entity may contract with an eligible private entity for the development, redevelopment, or operation of a qualifying transportation facility in exchange for availability payments and other consideration as such public entity may deem appropriate. Added by 2016 Tenn. Acts, ch. 975,s 1, eff. 10/1/2016. In addition to any authority otherwise conferred by law, any public entity may contract with an eligible private entity for the development, redevelopment, or operation of a qualifying transportation facility in exchange for availability payments and other consideration as such public entity may deem appropriate. Added by 2016 Tenn. Acts, ch. 975,s 1, eff. 10/1/2016.