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TENNESSEE STATUTES AND CODES
7-39-405 - Payment of tax equivalents.
7-39-405. Payment of tax equivalents.
The municipality's governing body, in the resolution provided for in § 7-39-404(4), shall direct payment of the amounts to be paid as tax equivalents to the taxing jurisdictions in which its gas plant in service is located in accordance with and subject to any terms, conditions, contracts or agreements now in effect.
[Acts 1987, ch. 220, § 6.]
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