HB 100 – SB 772
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 8, 2025
Fiscal Analyst: Justin Billingsley | Email: justin.billingsley@capitol.tn.gov | Phone: 615-741-2564
HB 100 – SB 772
SUMMARY OF BILL: Clarifies that any statutory compensation or reimbursement
provided to board members of energy authorities formed under the Municipal Energy Authority Act
supplements any compensation provided by a private act of the General Assembly and is applicable
to the extent provided by the respective board.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Pursuant to Tenn. Code Ann. § 7-52-110:
o Members of the board of a municipal electric plant are allowed necessary travel and
other expenses, including an allowance not to exceed $300 per month for
attendance at meetings;
o Board members shall receive an additional allowance not to exceed $50 per month
for attendance at meetings for each additional utility system over which the board
has jurisdiction, for a maximum allowance of $150 per month; and
o Allowances and payment of premiums constitute a cost of operation and
maintenance of the electric plant.
• Pursuant to Tenn. Code Ann. § 7-36-110(f), board members of a municipal energy authority
are allowed expenditure reimbursement for travel and other expenses, plus an allowance for
attendance at meetings not to exceed $300 per month.
• The proposed legislation extends to members of a municipal energy authority the additional
allowance up to $150 per month and clarifies that the statutory monetary allowances are in
addition to any monetary allowances allowed under a private act.
• Based on information provided by the Tennessee Municipal Electric Power Association,
this legislation amends statute to reflect current practice. When a municipal electric system
changes to a municipal energy authority, board compensation generally stays the same and
further, any compensation provided to a board of directors or other supervisory board of
an energy authority created under a private act of the General Assembly supplements
compensation provided for in Tenn. Code Ann. §§ 7-52-110 and 7-36-110(f).
• Any impact on state or local government is estimated to be not significant.
HB 100 – SB 772 2
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• Any impact to commerce or jobs in Tennessee will not be significant.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director