(1) The powers conferred by this part are in addition to the powers conferred by other laws; and the limitations imposed by this part shall not affect the powers conferred by any other law, general or special. Bonds may be issued under this part, notwithstanding any such other law, and without regard to the procedure required by any other such law.
(2) Insofar as this part is inconsistent with any other law, general or special, this part is controlling.
(3) Subdivision (b)(1) does not apply to the board of trustees of the University of Tennessee.