Tennessee Statutes

§ 7-3-314 — Financial assistance to nonprofit organizations

Tennessee·Title 7
(a)The legislative body of each county with a metropolitan form of government may appropriate funds for the financial aid of any nonprofit organization as defined in § 6-54-111(a)(2) , or any organization otherwise meeting the definition of "nonprofit civic organization" set forth in § 6-54-111(a)(2)(B) , except that it is exempt from taxation pursuant to § 501(c)(6) of the Internal Revenue Code of 1954 ( 26 U.S.C. § 501(c)(6) ). Such appropriations shall be in accordance with the guidelines of the metropolitan government, which shall provide generally that any funds appropriated shall be used to promote the general welfare of the residents of the municipality.
(b)Any nonprofit organization that desires financial assistance from a county with a metropolitan form of government shall file

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Related

§ 501
26 U.S.C. § 501

Legislative History

Amended by 2015 Tenn. Acts, ch. 410, s 2, eff. 5/8/2015. Acts 1995, ch. 121, § 1.

Nearby Sections

15
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