CHAPTER NO. 705
HOUSE BILL NO. 3014
By Representative Halteman Harwell
Substituted for: Senate Bill No. 3162
By Senator Henry
AN ACT to amend Tennessee Code Annotated, Title 49, Chapter 50, Part 7, relative to the Watkins Institute.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 49-50-701, is amended in subsection (f) by adding the following:
In exercising their discretion, the commissioners may sell or exchange any real or personal property belonging to the institute or held in trust by the State of Tennessee for the institute, and may construct or lease property as needed for the purposes of the institute.
SECTION 2. This act shall take effect upon becoming a law, the public welfare requiring it.
March 23, 1998
APPROVED this 1st day of April 1998