Tennessee § 4-10-112 Monitoring of current wholesale power supply arrangements between the TVA and municipal utilities and electric cooperatives

Tennessee Statutes

§ 4-10-112 — Monitoring of current wholesale power supply arrangements between the TVA and municipal utilities and electric cooperatives

The Tennessee advisory commission on intergovernmental relations (TACIR) is directed to continue to monitor, within existing resources, whether the current wholesale power supply arrangements between the Tennessee Valley authority and municipal utilities and electric cooperatives are likely to change in the future in a way that could affect payments in lieu of taxes from the Tennessee Valley authority to the state and to its local governments. No later than the last day of February of each year, TACIR shall report written findings to the commerce and labor committee of the senate, the commerce committee of the house of representatives, the finance, ways and means committee of the senate, and the finance, ways and means committee of the house of representatives. The report shall include rec

Free access — add to your briefcase to read the full text and ask questions with AI

The Tennessee advisory commission on intergovernmental relations (TACIR) is directed to continue to monitor, within existing resources, whether the current wholesale power supply arrangements between the Tennessee Valley authority and municipal utilities and electric cooperatives are likely to change in the future in a way that could affect payments in lieu of taxes from the Tennessee Valley authority to the state and to its local governments. No later than the last day of February of each year, TACIR shall report written findings to the commerce and labor committee of the senate, the commerce committee of the house of representatives, the finance, ways and means committee of the senate, and the finance, ways and means committee of the house of representatives. The report shall include recommendations, if any, on adjustments to the state tax system that would keep the state and local governments whole from such future changes.

Tennessee § 4-10-112 (Monitoring of current wholesale power supply arrangements between the TVA and municipal utilities and electric cooperatives) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by 2019 Tenn. Acts, ch. 345,s 9, eff. 5/10/2019. Amended by 2016 Tenn. Acts, ch. 797,s 15, eff. 4/14/2016. Amended by 2013 Tenn. Acts, ch. 236,s 13, eff. 4/19/2013. Acts 2010, ch. 1035, § 4.