Tennessee § 9-5-104 Inclusion in proposed state budget

Tennessee Statutes

§ 9-5-104 — Inclusion in proposed state budget

Tennessee § 9-5-104

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Bluebook

Tenn. Code Ann. § 9-5-104 (2026).

Text

(a)As used in this section:

(1)"Department" means the department of finance and administration; and (2) "Division" means the department's division of budget.

(b)(1) The division shall include in the proposed state budget for each fiscal year:

(A)The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues;

(B)The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and (C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created

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(a) As used in this section: (1) "Department" means the department of finance and administration; and (2) "Division" means the department's division of budget. (b) (1) The division shall include in the proposed state budget for each fiscal year: (A) The likely changes in returns or likely defaults from state lending and state credit support programs from the previous fiscal year as either new expenses or new revenues; (B) The changes in expenses or revenues from state lending programs and state credit support programs from the previous fiscal year as expenses or revenues for the purpose of calculating a balanced budget; and (C) An estimate by the comptroller of the treasury of the likely cost of defaults to the state from all state lending programs and state credit support programs created during the fiscal year, calculated using generally accepted accounting principles, as expenses for the purpose of calculating a balanced budget. (2) The department may use the information provided by the comptroller of the treasury's report to determine the information described in subdivision (b)(1).