Print This Page
Send by Email
Reviewed Date: July 18, 2018
Utilities--Laws and regulations
Natural gas--Municipal ordinances
Revenue sources--Municipal ordinances
Ordinance Authorizing Governing Bodies to Appropriate Revenues from Natural Gas Utility System to Chambers of Commerce or Economic and Community Organizations for Economic Development Purposes
These can be used by municipal governing bodies that have natural gas utility systems or a board that has control over a municipal natural gas utility system for purposes of appropriating money to a chamber of commerce or economic and community organization. The legislation does not allow money to be appropriated for these purposes in Knoxville, Memphis, Chattanooga, and Metro Nashville.
AN ORDINANCE AUTHORIZING REVENUE FROM THE NATURAL GAS UTILITY SYSTEM TO BE APPROPRIATED TO ___________________________ FOR ECONOMIC DEVELOPMENT PURPOSES
WHEREAS, the governing body for the City/Town of ___________________ finds that the rates charged to natural gas utility system customers are fair and equitable; and
WHEREAS, the governing body for the City/Town of ___________________ has determined that the natural gas utility system has sufficient revenue to satisfy all obligations as required by Tennessee Code Annotated, § 7-34-115(a); and
WHEREAS, the State of Tennessee in Tennessee Code Annotated Section, 7-34-115(a)(2) authorizes either a municipal utility board with management responsibility for a municipal utility system that is a natural gas utility system or a municipal governing body, if there is no such board, to contribute revenue from the system to fund chambers of commerce and economic and community organizations; and
WHEREAS, the governing body for the City/Town of __________________ desires to
contribute revenue from the natural gas utility system to ____________________________ for economic development purposes;
NOW, THEREFORE, BE IT ORDAINED by the _________________ of the City/Town of __________________, Tennessee:
Section 1. Under the authority of Tennessee Code Annotated, § 7-34-115(a)(2), [insert amount] of gas utility system revenue is appropriated to ___________________________ from the City/Town of ___________________ for economic development purposes.
Section 2. Pursuant to Tennessee Code Annotated, § 7-34-115(a)(2), customer rates will not be raised to in order to target economic development efforts.
Section 4. This ordinance shall take effect from and after its final passage, the public welfare requiring it.
Passed first reading:
Passed second reading:
[If required by charter: Passed third reading:______________________]
Mayor City Recorder
Approved as to form: