Tennessee Statutes
§ 64-10-212 — Conduct of financial affairs - Fiscal agent
Tennessee·Title 64
(a)The financial affairs of the authority shall be conducted in accordance with state law and the procedures established by the comptroller of the treasury. The board may establish such bank accounts for the authority as the board deems appropriate and consistent with state law. The authority is authorized to invest any funds of the authority in any investment that would be an eligible investment of a county.
(b)The chief financial officer within the office of finance at Roane State Community College shall serve as the fiscal agent for the receipt of all state appropriated funds for the pilot program, to be dispersed equally among the existing and newly created small business incubators, as directed by the board.
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Legislative History
Amended by 2014 Tenn. Acts, ch. 812,s 4, eff. 4/25/2014. Added by 2013 Tenn. Acts, ch. 474,s 1, eff. 5/20/2013.
Nearby Sections
15
§ 64-1-101
Legislative findings - Authority creation - Board of directors - Chair - Meetings - Employees§ 64-1-1101
Creation - Purpose§ 64-1-1102
Board of directors§ 64-1-1103
Powers and duties§ 64-1-1104
Financing§ 64-1-1105
Annual reports§ 64-1-1106
Preexisting and independent projects§ 64-1-1108
Cooperation from state agencies§ 64-1-1109
Election to participate§ 64-1-1110
Budgetary limitations