(a) The board shall appoint a president, who shall be the chief executive and administrative officer of the authority, and shall enter into a contract with that person establishing the salary and term of office.
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Terms Used In Tennessee Code 7-87-106

  • Authority: means a port authority created pursuant to this chapter. See Tennessee Code 7-87-103
  • Board: means the board of commissioners of an authority. See Tennessee Code 7-87-103
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(b) The president shall appoint, and the board shall confirm, the following additional officers: a secretary, an auditor, legal counsel, a treasurer, and a chief engineer.
(c) All other officers and employees of the authority shall be appointed by the president, subject to any civil service plan adopted by the board.
(d)

(1) The president shall prepare annually the operating budget of the authority and submit the budget to the board for approval at least sixty (60) days prior to the beginning of the fiscal year.
(2) If such budget has not been acted upon by the board on the first day of the fiscal year, it shall then automatically go into effect.
(e) The president shall also submit such periodic reports to the board as it may direct.
(f) The president shall attend all meetings of the board.
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