As used in this chapter, unless the context otherwise requires:
(1) “Associated municipality” means the municipality for the benefit of which an energy acquisition corporation is organized;
(2) “Bonds” means bonds, notes, interim certificates or other obligations of a corporation issued pursuant to this chapter;
(3) “Corporation” or “energy acquisition corporation” means a public corporation formed under this chapter, which shall be a public instrumentality of its associated municipality and of the state of Tennessee;
(4) “Energy distribution system” means a system for the distribution of natural gas or electric power that is owned or operated by a municipality or any board or agency of the municipality;
(5) “Governing body” means, with respect to a municipality that is an associated municipality of, or purchaser of gas from, an acquisition corporation established to exercise the powers described in this chapter with respect to natural gas and natural gas substitutes, any board, commission or other instrumentality of such municipality having jurisdiction, control and management of the gas distribution system of that municipality, and, with respect to a municipality that is an associated municipality of, or purchaser of electrical power from, an acquisition corporation established to exercise the powers described in this chapter with respect to electrical power, any board, commission or other instrumentality of such municipality having jurisdiction, control and management of the electrical power distribution system of that municipality. With respect to any action permitted or required to be taken under this chapter by any such board, commission or instrumentality of a county or incorporated city, town or metropolitan government, if such board, commission or instrumentality by resolution waives its right to take such action or if no such board, commission or instrumentality exists, the power to take such action shall be vested in the body in which the general legislative powers of the county or incorporated city, town or metropolitan government are vested. The governing body of a utility district or gas, electric or energy authority shall be the board of commissioners of the utility district or gas, electric or energy authority or such other board or body as shall be vested by statute or private act with jurisdiction, control and management of the energy distribution system of the district or authority. The governing body of an energy acquisition corporation shall be the board of directors of the energy acquisition corporation;
(6) “Municipality” means any county, incorporated city, town or metropolitan government, utility district, energy acquisition corporation or gas, electric or energy authority in this state; and
(7) “Municipally-owned” means owned by a municipality as defined in this chapter.
