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Economic Development

Reference Number: MTAS-57
Reviewed Date: 12/19/2022

Economic and Community Development Board
T.C.A. § 6-58-114 mandates that each county shall set up a board to advance economic and community development. All municipalities in the county are required to participate on this board, and the mayor or city manager of each municipality in the county is an ex officio member. The board must be established by interlocal agreement under T.C.A. § 5-1-113. The board is funded based on the per capita population of each participating governmental entity. This board may donate funds from participating governments to other public or non-profit entities in the county for economic and community development purposes. When applying for any state grant, a city or county must certify its compliance with the requirements of this statute.