Tennessee § 4-31-304 Loans - Priority

Tennessee Statutes

§ 4-31-304 — Loans - Priority

Tennessee § 4-31-304

Title4

This text of Tennessee § 4-31-304 (Loans - Priority) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 4-31-304 (2026).

Text

(a)Loans under this program shall be made only for projects that are designed to stimulate the growth of manufacturing jobs.

(b)(1) The first priority for loans shall be projects that are related to an industrial location or expansion.

(2)Second priority projects shall be those that create the conditions for future industrial growth.

(c)Eligible projects shall be limited to the following:

(1)Water and sewerage treatment plants that will serve industrial land;

(2)Water distribution lines and sewerage collection lines that will serve industrial land;

(3)The development of industrial land (including ports), with eligible costs to include the following:

(A)Land purchase (including easements);

(B)Site preparation;

(C)Extension of utilities, including, but not limited to, electrical an

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(a) Loans under this program shall be made only for projects that are designed to stimulate the growth of manufacturing jobs. (b) (1) The first priority for loans shall be projects that are related to an industrial location or expansion. (2) Second priority projects shall be those that create the conditions for future industrial growth. (c) Eligible projects shall be limited to the following: (1) Water and sewerage treatment plants that will serve industrial land; (2) Water distribution lines and sewerage collection lines that will serve industrial land; (3) The development of industrial land (including ports), with eligible costs to include the following: (A) Land purchase (including easements); (B) Site preparation; (C) Extension of utilities, including, but not limited to, electrical and gas; (D) Road access; and (E) Environmental monitoring equipment; and (4) The construction and renovation of publicly owned industrial buildings.