§ 43-4-610 — Cooperative powers

(1) The authority has the power to cooperate
with any person:

(a) To accept contributions, loans, advances, or liens securing obligations to
or of the authority from any person with respect to the financing, construction,
operation, or maintenance of a regional transportation system and, in connection
with any loan or advance, to enter into contracts establishing the repayment terms;

(b) To enter into contracts with respect to and to cooperate in the financing,
construction, operation, or maintenance of a specified regional transportation
system;

(c) To enter into joint operating contracts concerning a regional
transportation system;

(d) To acquire easements or rights-of-way for a regional transportation
system;

(e) To transfer dominion over all or any portion of a regional transportation
system financed, constructed, operated, or maintained by the authority to the
federal government, the state government, other governmental units, or any
person; and

(f) To designate a regional transportation system as part of the federal
highway system, the state highway system, a county highway system, or a
municipal highway system if the person with jurisdiction over the applicable
highway system consents to the designation.

Legislative History

Source: L. 97: Entire part added, p. 494, � 1, effective August 6. L. 2005: Entire section amended, p. 1066, � 10, effective January 1, 2006.