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Tennessee Secretary of State Tre Hargett
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Board Details
Board Name: Local Development Authority
Board ID: 173
Address: 425 5th Avenue North, Nashville, TN 37243
Phone: 615-401-7872
Board Contact: Ann V. Butterworth
Contact Phone: 615-401-7910
Appointing Authority: Speaker of the Senate, Speaker of the House of Representatives
TCA: 4-31-101
Duties: Make and execute contracts, including loan agreements for various loan programs; Make rules and regulations governing the conduct of its meeting and the use and application of its money and properties; Borrow money and issue negotiable bonds, notes, or ot
Number of Members:
Compensation: Members shall serve without salary, but shall be eligible for reimbursement of actual and necessary expenses in accordance with state travel regulations.
Appropriations: Pursuant to its two (2) general bond resolutions (Health Loans Program and the Community Provider MH/MR Loan Program), the Authority holds several funds. The statutory reserve fund was created by statute to provide additional security for the Health Loans
Meeting Schedule: The Authority meets pursuant to call, but at least quarterly. The meetings do not last more than an hour and a half (1.5).
Hours Required: