1. (1) Board members shall file annual written disclosures of financial interests and other direct and indirect conflicts of interest with Staff.
2. (2) Board members are not authorized to participate in the discussion of or to vote on matters involving entities in which the Board member has a financial interest, with which the Board member has a conflict of interest, with which the Board member has a contract of employment, or if there is any appearance of impropriety. Board members must notify Board staff and/or the Board chair if they have a conflict of interest.
3. (3) At each Board meeting, Board staff shall state the following on the record: The Board was created to act for the public welfare and in furtherance of the legislature’s intent that utility systems be operated as self-sufficient enterprises. Board members are not authorized to participate in the discussion of or to vote on matters involving entities in which the Board member has a financial interest, with which the Board member has a conflict of interest, with which the Board member has a contract of employment, or if there is any appearance of impropriety.

Authority: T.C.A. §§ 4-5-201, et seq., 7-82-701, and 7-82-702. Administrative History: New rules filed May 5, 2025; effective August 3, 2025.