Tennessee Statutes
§ 65-36-105 — Use of surplus funds
Tennessee·Title 65
Every municipal electric utility and every electric cooperative are hereby authorized to use surplus revenues in connection with the exercise of any power or authority they may exercise under any law; provided, that the exercise of that power or authority is not a violation of the terms and conditions of a wholesale power contract between the Tennessee Valley authority and the respective municipal electric utility or electric cooperative and is not a violation of or otherwise prohibited by the terms and conditions of any covenants in any outstanding revenue bonds of the municipal electric utility or loan covenant of the electric cooperative, as may be applicable.
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Tennessee § 65-36-105 (Use of surplus funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1997, ch. 520, § 5.
Nearby Sections
15
§ 65-1-102
Commissioners - Prohibited activities§ 65-1-103
Meetings§ 65-1-104
Quorum - Chair and vice chair - Panels§ 65-1-105
Compensation - Expenses§ 65-1-107
§ 65-1-107§ 65-1-108
Office - Furniture and supplies§ 65-1-109
Executive director§ 65-1-110
Minutes and official documents§ 65-1-111
Report to general assembly§ 65-1-112
Copies of records§ 65-1-113
Enforcement - Duties of commission