The Management Of Utility Systems

Tennessee HB1309 requires that any interest earned from investments and deposits made by the Megasite Authority of West Tennessee, from the rates charged to customers of its water and wastewater systems, be kept in a separate account. This interest will be carried over into future fiscal years, ensuring it is not lost or used up within the current budget cycle.

TN HB1309 is a house bill in the Tennessee 114th General Assembly, sponsored by William Lamberth (R), currently “Passed” since April 29, 2025.

We track 9,160 Tennessee bills this session, 258 of them sponsored by William Lamberth.

Supporters of HB1309 would argue that this bill promotes financial accountability and transparency in the management of utility systems. By ensuring that interest income is set aside for future use, the bill helps to strengthen the financial stability of the Megasite Authority's water and wastewater services.

Critics of HB1309 might contend that this bill complicates financial management for the Megasite Authority by creating additional accounting requirements. They may argue that it could lead to inefficiencies or limit the flexibility of how funds can be utilized in the immediate fiscal year.

Representative William Lamberth's personal financial interests do not appear to have direct overlaps with the industries affected by HB1309. His primary occupation as an attorney and his involvement in law firms and consulting do not align with the specific areas of water resources development or banking as outlined in the bill. Additionally, his roles on various boards and his spouse's employment in education do not present a conflict with the bill's focus on the management of utility systems. The bill's requirement for interest income to be credited to a separate account within the Megasite Authority of West Tennessee does not seem to provide any direct financial benefit to Lamberth's personal or professional interests.

Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.

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