In addition to any authority otherwise conferred by law, any public entity may contract with an eligible private entity for the development, redevelopment, or operation of a qualifying transportation facility in exchange for availability payments and other consideration as such public entity may deem appropriate.
Contract for development, redevelopment, or operation of transportation facility
Tenn. Code Ann. § 54-6-111, under Public-Private Transportation Act.
Tenn. Code Ann. § 54-6-111