Tennessee Code 7-36-130 – Authority as municipality, associated municipality, and governing body for purposes of Energy Acquisition Corporations Act
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Terms Used In Tennessee Code 7-36-130
- Associated municipality: means a municipality that is located in a county having a population of three hundred thirty-five thousand (335,000) or less, according to the 2010 federal census or any subsequent federal census, and that, as of the date an authority is formed under this chapter, operates an electric system under the authority of chapter 52 of this title. See Tennessee Code 7-36-102
- Authority: means an authority created pursuant to this chapter. See Tennessee Code 7-36-102
- Board: means the board of directors of the authority. See Tennessee Code 7-36-102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Energy: means any and all forms of energy no matter how or where generated or produced. See Tennessee Code 7-36-102
- Governing body: means the legislative body of the associated municipality creating an authority pursuant to this chapter or, as applicable in §. See Tennessee Code 7-36-102
- Municipality: means any county or incorporated city or town within or outside this state. See Tennessee Code 7-36-102
The authority shall be considered a municipality for the purposes of the Energy Acquisition Corporations Act, compiled in chapter 39 of this title and may be an associated municipality of an energy acquisition corporation under such act, and the board shall be a governing body for purposes of such act.