Tennessee Code Title 64. Regional Authorities § 64-5-113

(a) The board, after receiving recommendations from its advisory committee, shall annually formulate and issue a statement of objectives, priorities and programs that it has adopted or envisions to meet these objectives. This statement of objectives shall be included in the annual report.

(b) The board shall report annually to the governor, the commissioner of economic and community development, the state funding board and to the general assembly through the office of legislative budget analysis and the chairs of the following standing committees or such other committees as the speaker of each respective house may direct: senate finance, ways and means, senate government operations, senate state and local government, house finance, ways and means, house government operations, and state government of the house of representatives. This report shall also be transmitted to the governing bodies of the various counties and incorporated municipalities of the region. Such reports shall include a statement of financial receipts and expenditures, assets and liabilities of the authority and a summary of all activities and accomplishments for the period and proposed plans for the next year.

(c) The comptroller of the treasury is directed to develop a uniform accounting system conforming to generally accepted accounting principles for the authority.

(e) The board shall develop purchasing and contracting procedures, which shall be approved by the comptroller of the treasury prior to implementation.