Tennessee Statutes
§ 49-6-2305 — Reserve fund
Tennessee·Title 49
(a)Each LEA that operates a child nutrition program may maintain a three-month reserve fund for operating expenses. The revenue for the reserve fund shall come from the unexpended balance of the program.
(b)The LEA shall project the reserve fund for the child nutrition program at its annual budgetary planning meeting. LEAs can recover indirect costs only from the reserve fund that exceeds three (3) months' operating expenses.
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Tennessee § 49-6-2305 (Reserve fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1991, ch. 163, § 1.
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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