Tennessee Statutes
§ 49-1539 — Treasurer as custodian of accounts - Cash on hand
Tennessee·Title 8
The state treasurer shall be the custodian of the several accounts. He shall furnish the board a bond, the amount to be fixed by the board and approved by the governor. All payments from the said accounts shall be made by him only upon vouchers signed by two (2) persons designated by the board of trustees. For the purpose of meeting disbursements for state annuities, teacher annuities, and other payments there may be kept available cash, not exceeding ten per cent (10%) of the total amount in the several accounts of the retirement system on deposit with the state treasurer.
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Tennessee § 49-1539 (Treasurer as custodian of accounts - Cash on hand) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1945, ch. 29, § 7; C. Supp. 1950, § 2540.7 (Williams, § 2524.7); Acts 1961, ch. 62, § 18.
Nearby Sections
15
§ 49-1-1001
Short title§ 49-1-1002
Guidelines and standards - Requirements§ 49-1-1004
§ 49-1-1004§ 49-1-1006
§ 49-1-1006§ 49-1-1007
Report - Publication§ 49-1-1008
§ 49-1-1008§ 49-1-101
System established§ 49-1-102
Administration generally§ 49-1-103
Title definitions§ 49-1-106
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