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Water and Wastewater Financing Board
All correspondence relating to the Water and Wastewater Financing Board should be directed to Ms. Joyce Welborn, Office of the Comptroller of the Treasury, Division of Local Finance, Suite 1110, 414 Union Street, Nashville TN 37243-1402. Ms. Welborn can be contacted at (615) 532-7204, Fax (615) 532-5232, or e-mail at Joyce.Welborn@tn.gov.
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Board Responsibilities:
The Wastewater Financing Board was originally created pursuant to Public Chapter 299 of 1987, later codified in Tennessee Code Annotated Sections 68-221-1007 et seq. The Board’s jurisdiction was broadened to include water systems, and the Board was renamed the Water and Wastewater Financing Board. The Board is created for the purpose of “furthering the legislative objective of self-supporting water systems and wastewater facilities in this state” and “to determine and ensure the financial integrity of certain water systems and wastewater facilities” under its jurisdiction. The Board is responsible for determining the financial, technical and managerial capacity of the systems to comply with the requirements of federal and state laws and has authority to require appropriate action by those systems to correct deficiencies found.
Board
Characteristics:
Nine members: seven appointed by the Governor for three year terms and two ex officio. Composed of one member representing municipalities; two members representing utility districts; one member representing municipal water utilities; one member representing environmental interests; one member representing manufacturing interests; and one member representing minority citizens of the state, who shall have experience in governmental finance and shall not otherwise be a state employee. One member shall be the Comptroller of the Treasury or his designee, who shall serve as board chairman, and one member shall be the Commissioner of Environment and Conservation or his designee.
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