Public Chapter 515
HOUSE BILL NO. 184
By Representatives Kernell, Garrett, Brooks
Substituted for: Senate Bill No. 85
By Senator Springer
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 64, Chapter 9, relative to the Tennessee Ocoee Development Agency.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 4-29-218(a), is amended by deleting item (17) in its entirety.
SECTION 2. Tennessee Code Annotated, Section 4-29-219(a), is amended by adding a new item thereto, as follows:
( ) Tennessee Ocoee Development Agency, created by Section 64-9-101;
SECTION 3. Tennessee Code Annotated, Title 64, Chapter 9, is amended by adding the following as a new section thereto:
Section 64-9-___. To the extent that funds remain in the state's budget code for the Tennessee Ocoee Development Agency after receipt by the department of all funds due, contractual or otherwise, and payment by the department of all obligations related to the 1996 Olympic Whitewater event, such funds shall be transferred by the department to the agency for the purpose of winding up its affairs. The department shall provide the agency with any administrative assistance necessary to wind up its affairs. After the transfer of funds and to the extent that such funds remaining are sufficient, the Tennessee Ocoee Development Agency is hereby authorized to employ a full-time employee for the sole purpose of winding up its affairs.
SECTION 4. This act shall take effect July 1, 1997, the public welfare requiring it.