TN SB1566

Creates the Humphreys County Water Authority as a political subdivision of Tennessee to plan, acquire, operate, and finance water and wastewater systems for Humphreys County and the surrounding region

Establishes a 5-member board of commissioners with representatives appointed by Humphreys County (2 members), City of Waverly (1), City of McEwen (1), and City of New Johnsonville (1), serving staggered 3-4 year initial terms with 4-year terms thereafter

Grants the Authority power to issue bonds and notes, acquire property through eminent domain, set rates and fees, enter contracts, and consolidate existing water/wastewater systems from participating cities and governmental entities

Board members serve without salary but may receive per diem payments up to $150 per meeting for a maximum of 12 meetings annually, plus expense reimbursement

Requires two-thirds approval by the Humphreys County legislative body to take effect; exempts the Authority from state, county, and municipal taxation