(1) “Acquire” means to construct or to acquire by purchase, lease, lease-purchase, devise, gift, exercise of the power of eminent domain, or exercise of any other mode of acquisition;

(2) “Associated municipality” means a municipality that is located in a county having a population of three hundred thirty-five thousand (335,000) or less, according to the 2010 federal census or any subsequent federal census, and that, as of the date an authority is formed under this chapter, operates an electric system under the authority of chapter 52 of this title; the municipality's charter; or otherwise applicable law;

(3) “Authority” means an authority created pursuant to this chapter;

(4) “Board” means the board of directors of the authority;

(5) “Bonds” means bonds, interim certificates, notes, debentures, lease-purchase agreements, and all other evidences of indebtedness either issued by or the payment of which has been assumed by the authority;

(6) “Dispose” means to sell, lease, convey, or otherwise transfer any property or any interest in property of the authority;

(7) “Electric service” means the furnishing of electric power and energy for lighting, heating, power, or any other purpose for which electric power and energy can be used;

(8) “Energy” means any and all forms of energy no matter how or where generated or produced;

(9) “Federal agency” means the United States, the president of the United States, the Tennessee Valley authority, and any other authority, agency, instrumentality, or corporation of the United States;

(10) “Governing body” means the legislative body of the associated municipality creating an authority pursuant to this chapter or, as applicable in § 7-36-110, the legislative body of another municipality;

(11) “Improve” means to construct, reconstruct, repair, extend, enlarge, or alter;

(12) “Improvement” means any extension, betterment, or addition to any system;

(13) “Municipal bonds” means bonds of the associated municipality issued to finance or refinance any of the systems;

(14) “Municipal electric system” means the electric system division or department of the associated municipality;

(15) “Municipality” means any county or incorporated city or town within or outside this state;

(16) “Person” means any natural person, firm, association, corporation, limited liability company, business trust, partnership, or governmental entity;

(17) “Refunding bonds” means bonds of the authority issued to refund all or any part of bonds of the authority or the municipal bonds;

(18) “Supervisory board” means the board of public utilities or other similar body of the associated municipality, as such board is constituted as of the date an authority is formed pursuant to this chapter;

(19) “System” means any plant, works, facility, property, or parts thereof, together with all appurtenances thereto, used or useful in connection with the furnishing of any of the services and commodities authorized to be provided in this chapter, including generation or production facilities, transmission facilities, storage facilities, and distribution facilities, and all real and personal property of every nature comprising part of or used or useful in connection with a “system”, and all appurtenances, contracts, leases, franchises, and other intangibles relating to a “system”;

(20) “Telecommunications service” means telephone, cable television, voice, data, or video transmissions, video programming, Internet access and related services, load control, meter reading, appliance monitoring, power exchange, and billing, or any other telecommunications services or similar or component service that may be provided, as allowed by law, including servicing and repairing related equipment, regardless of the facilities used;

(21) “Wastewater service” means the collection, transportation, and treatment of water discharged from residential, commercial, industrial, or other processes for final discharge to the environment; and

(22) “Water service” means the procurement, treatment, and distribution of water for domestic use or any other purpose for which water can be used.