TN SB1595

Establishes new procedures for consolidating two or more utility systems, requiring governing body resolutions, petitions to county mayors, public hearings with 7-15 days notice, and county mayor approval based on public convenience, economic feasibility, and best interest findings.

Expands the Tennessee Board of Utility Regulation's authority to order mergers of "ailing" utility systems that are financially distressed, unable to expand services, or demonstrate severe managerial incompetence including frequent service interruptions or infrastructure failures.

Requires all utility system governing body members to complete 12 hours of continuing education within one year of appointment and 6 hours every three years thereafter, covering board governance, financial oversight, and policymaking responsibilities.

Imposes consequences for governing body members who fail to meet continuing education requirements, including ineligibility for payments or benefits from the utility system, prohibition on reappointment or reelection, and potential sanctions ordered by the Board of Utility Regulation.

Authorizes utility systems to make internal loans following procedures established by the comptroller of the treasury and clarifies that audit results must be kept as public records available to customers and the press. Takes effect July 1, 2026.