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Technical Bulletins: Public Chapter 509 Slaps Cuffs On Utility Revenues, Al Major
Technical Bulletins: Public Chapter 509 Slaps Cuffs On Utility Revenues, Al Major
MTAS Publications: Technical Bulletins
This Technical Bulletin provides information about Public Chapter 509, which phased out the practice of transferring surplus revenues from utility sales to a city's general fund. The comprehensive law, which went into effect July 1, 1993, amended Tennessee Code Annotated (T.C.A.) § 9-21-308 and T.C.A. § 7-34-105, also known as the Revenue Bond Law.