67-9-103 - Distribution of payments. - Tennessee Statutes

67-9-103. Distribution of payments.

(a)  Upon receipt of any payments in lieu of taxes by the Tennessee Valley authority, the commissioner of revenue shall be notified.

(b)  The commissioner of revenue shall determine, in accordance with the provisions of this part, the payments to local governments and shall direct the commissioner of finance and administration to make such payments.

[Acts 1947, ch. 31, § 3; C. Supp. 1950, § 1540.4 (Williams, § 1811.34); impl. am. Acts 1959, ch. 9, § 3; impl. am. Acts 1961, ch. 97, § 3; Acts 1977, ch. 181, § 1; 1981, ch. 22, § 2; T.C.A. (orig. ed.), §§ 67-2403, 67-24-103; Acts 2009, ch. 530, § 101.]