When any housing authority which is created for any city becomes authorized to transact business and exercise its powers therein, the governing body of the city shall immediately make an estimate of the amount of money necessary for the administrative expenses and overhead of such housing authority during the first year thereafter, and shall appropriate such amount to the authority out of any moneys in such city not appropriated to some other purposes. The moneys so appropriated shall be paid to the authority as a donation. Any municipality located in whole or in part within the area of operation of a housing authority shall have the power from time to time to lend or donate money to the authority or to agree to take such action. The housing authority, when it has money available therefor, shall make reimbursement for all such loans made to it.
Structure 2021 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 20 - Housing Authorities Law
Part 4 - City Housing Authorities
§ 13-20-404. Authority a Public Body Corporate
§ 13-20-407. Contracts of Authority — Validity
§ 13-20-409. Duty of the Authority and Commissioners
§ 13-20-410. Interest of Commissioners or Employees in Contracts
§ 13-20-412. Reports and Recommendations
§ 13-20-413. Housing Projects — Operation Not for Profit
§ 13-20-414. Action of City or Municipality by Resolution
§ 13-20-415. Operations of Authority in Other Municipalities or Counties
§ 13-20-416. Findings Required for Authority to Operate in Municipality