Utilities, Utility Districts - As introduced, allows the Tellico Village Property Owners Association's water and wastewater utility services to be placed under the jurisdiction of the Tennessee board of utility regulation. - Amends TCA Title 7, Chapter 82, Part 7 and Title 65, Chapter 4, Part 1.

SB 2534 would allow Tellico Village Property Owners Association to have its water and wastewater services regulated by the Tennessee Board of Utility Regulation, rather than local oversight. It creates a new eligibility category for nonprofit associations meeting specific criteria: those formed in 1985, serving at least 5,000 community lots, providing some emergency services funding, exclusively providing water/wastewater for members, and requesting state regulation. The bill amends Tennessee state code to add this exception, directly affecting Tellico Village's utility operations. This change would shift regulatory authority from local bodies to the state board for this specific association's services.