Public Acts of 1971 Chapter 398

COMPILER'S NOTE: The following act is a public act of special application and is not codified in Tennessee Code Annotated.

SECTION 1. No utility company licensed or chartered under the laws of this state and doing business in municipalities having a population of 623,530 or more according to the 1970 federal census or any subsequent federal census, in the form of furnishing water, gas, electricity, or sewer services, or any combination thereof, shall assess prior to twenty-five (25) days from the regular meter reading date any late charges or penalty charges, such as that reflected in "gross" amounts payable, whether in the form of a percentage of the regular amount owed or any other form, on any customer's account provided said customer shall apply to said utility company for a set date to pay said bill per month within said 25 day period. However, nothing in this act shall be construed as prohibiting the granting of a discount to a customer on the regular amount owed for early payment or payment within a specified period of time.

SECTION 2. This Act shall take effect on becoming a law, the public welfare requiring it.

Passed: May 21, 1971.