Source: https://www.lawserver.com/law/state/tennessee/tn-code/tennessee_code_title_7_chapter_52
Timestamp: 2020-07-14 07:15:30
Document Index: 618339302

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6']

Tennessee Code > Title 7 > Chapter 52 – Municipal Electric Plants » LawServer
Tennessee Code > Title 7 > Chapter 52 - Municipal Electric Plants
Tennessee Code > Title 7 > Chapter 52 – Municipal Electric Plants
Part 1 Municipal Electric Plant Law of 1935
Part 2 Agreements with Governmental Agencies
Part 3 Municipal Electric System Tax Equivalent Law of 1987
Part 4 Telecommunications Services
Part 5 Separate Retirement Systems
Part 6 Cable Television, Internet and Related Services
Terms Used In Tennessee Code > Title 7 > Chapter 52
Assessment ratio in effect: means that assessment ratio being applied by the comptroller of the treasury in assessing electric system property of electric cooperatives and electric membership corporations for ad valorem taxation or, if such assessment function ceases to be performed by the comptroller of the treasury, that assessment ratio applied by any authorized department, agency, comptroller of the treasury, or official of the state empowered to so apply such an assessment ratio in assessing electric system property of electric cooperatives and electric membership corporations. See
Electric operations: means all activities associated with the establishment, development, and administration of an electric system and the business of supplying electricity and associated services to the public, including, but not limited to, the generation, purchase, and sale of electric energy and the purchase, use and consumption of electric energy by ultimate consumers. See
Electric system: means all tangible and intangible property and resources of every kind and description used or held for use in the purchase, generation, transmission, distribution, and sale of electric energy. See
Fiscal year: means the year beginning July 1 of each calendar year. See
Municipal corporation: means an incorporated city or town. See Tennessee Code 7-1-101
Municipality: means any incorporated city or town, metropolitan government, or county that now or hereafter owns and operates an electric system and buys all or part of its power requirements for resale and distribution from the Tennessee valley authority. See
Net plant value of the electric plant: means the depreciated original cost of the electric plant, in service and held for future use, and the book value of construction work in progress, all as shown on the books of the electric system and all of which are for use in the generation, transmission, and distribution of electricity. See
Private act: includes , without limitation, the charter and any amendments to the charter of any home rule municipality or any metropolitan government. See
Supervisory body: means any board or other agency of a municipality established to supervise the management and operation of its electric system and electric operations, or, in the absence of a board or other agency, the governing body of the municipality. See
Taxing jurisdiction: means any county, incorporated city or town, or metropolitan government in Tennessee having the power to levy taxes, or any special taxing district in Tennessee on behalf of which ad valorem property taxes may be levied, for the support of governmental and related activities and services. See