HB3870 - Tennessee: Public Utilities, Sewage, Utilities, Utility Districts, Water

Companion Bill SB3950. Utilities, Utility Districts - Redefines "financially distressed utility district" under the Utility District Law of 1937 to include the systems of a utility district; removes provision whereby failure to comply with requirement that a utility district's rates be sufficient to make the district self-sufficient is grounds for the utility district to be considered financially distressed; specifies that public utility districts may operate water and sewer systems as individual or combined entities. - Amends TCA Section 7-82-401; Section 7-82-703 and Section 68-221-1010. Fiscal Summary for *HB3870 / SB3950MINIMAL Bill Summary for *HB3870 / SB3950 Present law subjects a financially distressed utility district to the supervision and evaluation of the utility management review board. A utility district is considered to be "financially [...]

show full description