The Tennessee dairy promotion committee may invest all assessments, gifts or grants that are collected or received by the committee. The committee may not use funds received, collected or accrued for any purpose other than program operations including the purposes designated for those funds in this chapter, and the reasonable costs or expenses necessary to the operation of the committee. No such funds may be used to influence either state or federal legislation or rule making.
Tenn. Code Ann. § 44-19-117
Investments — Use of funds
Known as the Dairy Industry Promotion Act
The act spans §§ 44-19-101 to 44-19-122 (22 sections).
Acts 1984, ch. 948, § 17.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.