House Bill 2164, also known as Senate Bill 2534, amends Tennessee Code Annotated to include specific provisions for nonprofit utility systems. The bill designates existing language in Section 7-82-701(b)(4) as subdivision (A) and introduces a new subdivision (B). This new subdivision outlines the criteria for a utility system owned and operated by a nonprofit association, which must have been created in 1985, govern a community with at least 5,000 lots or units, provide direct funding for emergency services, offer water and wastewater services exclusively to its members, and have a governing board that requests jurisdiction from the Tennessee board of utility regulation.

The act is set to take effect immediately upon becoming law, emphasizing the importance of the public welfare in its implementation. This legislation aims to clarify the regulatory framework for certain nonprofit utility associations, ensuring they meet specific criteria to operate under the jurisdiction of state utility regulations.

Statutes affected:
Introduced: 7-82-701(b)(4), 7-82-701