Tennessee § 4-35-103 Development of charter - Guidelines for and review of charter - Approval

Tennessee Statutes

§ 4-35-103 — Development of charter - Guidelines for and review of charter - Approval

(a)An audit committee created pursuant to this chapter shall develop a written charter addressing the audit committee's purpose, powers, duties, and mission.

(b)The comptroller of the treasury shall establish guidelines for creation of an audit committee charter and shall review the proposed charter to determine whether the charter contains the minimum necessary requirements.

(c)The charter, and any subsequent amendments, shall be presented to the full state governing board, council, commission, or equivalent body, and the comptroller of the treasury for approval.

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(a) An audit committee created pursuant to this chapter shall develop a written charter addressing the audit committee's purpose, powers, duties, and mission. (b) The comptroller of the treasury shall establish guidelines for creation of an audit committee charter and shall review the proposed charter to determine whether the charter contains the minimum necessary requirements. (c) The charter, and any subsequent amendments, shall be presented to the full state governing board, council, commission, or equivalent body, and the comptroller of the treasury for approval.

Tennessee § 4-35-103 (Development of charter - Guidelines for and review of charter - Approval) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.