Pursuant to Tenn. Code Ann. §§ 7-36-107 and 7-52-601, a municipal energy authority, county, metropolitan government, or incorporated city or town operating an electric plant has the power, with certain limitations, to operate a broadband system, but only after a detailed business plan as described in Tenn. Code Ann. § 7-52-602 has been reviewed by the Comptroller’s Division of Local Government Finance (LGF). Once a complete plan is submitted, LGF has 60 days to review the plan and present the local government with a report. After that time the governing body may take the actions as described in statute. For additional information on submitting a plan please contact the financial analyst assigned to your region.
All broadband business plans should comply with Tenn. Code Ann. Title 7, Chapter 52, Part 6. The plans are reviewed by LGF for completeness, compliance with state law, and feasibility. The review is guided by the following checklist.