The municipality's governing body, in the resolution provided for in § 7-52-304(4), except to the extent otherwise provided in any contract, established arrangement authorized or validated under § 7-52-306, or distribution provisions of any private act, home rule or metropolitan government charter, shall direct payment of the tax equivalent amounts to the taxing jurisdictions in which its electric plant in service is located on the following basis and subject to the following terms and conditions:
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 52 - Municipal Electric Plants
Part 3 - Municipal Electric System Tax Equivalent Law of 1987
§ 7-52-304. Tax Equivalents Authorized — Conditions and Limitations
§ 7-52-305. Execution of Amendatory Contracts
§ 7-52-306. Contracts for Distribution of Tax Equivalent Amounts
§ 7-52-307. Payments to Taxing Jurisdictions
§ 7-52-308. Operations in Adjacent States
§ 7-52-309. Distribution by Private Act or Home Rule or Metropolitan Government Charter