It is the duty of a receiver to:

(1) Immediately, either directly or through agents and attorneys, enter and take possession of each and every part of the public works project;
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Terms Used In Tennessee Code 9-21-313

  • Local government: means any county, municipality or metropolitan government in this state. See Tennessee Code 9-21-105
  • Public works project: includes any one (1) or any combination of the following: acquisitions of land for the purpose of providing or preserving open land. See Tennessee Code 9-21-105
  • Revenues: means all fees, rents, tolls, rates, rentals, interest earnings, or other charges received or receivable by the local government from any public works project or enterprise then existing or thereafter to be constructed, including any revenues derived or to be derived by a local government from a lease, agreement or contract with any other local government, local government instrumentality, the state, or a state or federal agency for the use of or in connection with a public works project or enterprise, or all other charges to be levied and collected in connection with and all other income and receipts of whatever kind or character derived by the local government from the operation of any public works project or enterprise or arising from any public works project or enterprise. See Tennessee Code 9-21-105
(2) Have, hold, use, operate, manage and control the public works project in the name of the local government or otherwise, as the receiver may deem best;
(3) Exercise all the rights and powers of the local government with respect to the public works project which the local government itself might exercise;
(4) Maintain, restore, insure and keep insured the public works project and from time to time shall make all necessary or proper repairs as the receiver may deem expedient;
(5) Establish, levy, maintain and collect such fees, tolls, rentals, and other charges in connection with the public works project as the receiver may, subject to approval of the court, deem necessary or proper and reasonable; and
(6) Deposit the revenues in a separate account and apply the revenues so collected and received in such manner as the court shall direct.
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