Tennessee legislation · 114th General Assembly

Tennessee SB2707: AN ACT to amend Chapter 34 of the Private Acts of 2019; and any other acts amendatory thereto, relative to the city of Winchester.

Status: Passed both chambers, May 27, 2026

Fiscal Summary Not Available Bill Summary ON APRIL 15, 2026, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2643, AS AMENDED. AMENDMENT #1 removes the provision that provides that any surplus remaining at the end of each fiscal year, after payment and satisfaction of the following payments and the withholding of proper reserves as set forth in the bill, may be paid and deposited into the general fund for the City of Winchester:  Expenses for the operation and maintenance of each separate system under the board of public utilities. Principal and interest on bonds issued payable from the revenues from each separate system under the board of public utilities.  Modification, extension, and improvements of the systems under the board of public utilities. All obligations incurred in the operation and maintenance of the systems under the board of public utilities. Purchase and redemption of bonds issued by the systems under the board of public utilities in the event such bonds can be obtained for redemption.  Creation and maintenance of a working cash fund.  Payment of an amount to the general fund of the City of Winchester, which must be a tax equivalent not in excess of 100% of realty tax on property owned or controlled by the systems under the board of public utilities in lieu of ad valorem taxes on the properties of the systems.  Payment of taxes to other taxing bodies having jurisdiction, if such taxes are legally imposed.