Tennessee § 65-36-105 - Use of surplus funds.
Full text of Tennessee Tennessee Code Annotated § 65-36-105 — Use of surplus funds., with citation guidance and answers to common questions.
§ 65-36-105. Use of surplus funds.
Every municipal electric utility and every electric cooperative are hereby authorized to use surplus revenues in connection with the exercise of any power or authority they may exercise under any law; provided, that the exercise of that power or authority is not a violation of the terms and conditions of a wholesale power contract between the Tennessee Valley authority and the respective municipal electric utility or electric cooperative and is not a violation of or otherwise prohibited by the terms and conditions of any covenants in any outstanding revenue bonds of the municipal electric utility or loan covenant of the electric cooperative, as may be applicable. Acts 1997, ch. 520, § 5.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 65-36-105
What does Tennessee Code Annotated § 65-36-105 cover?
Section 65-36-105 ("Use of surplus funds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 65-36-105?
A common citation format is "Tennessee Code Annotated § 65-36-105" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 65-36-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.