Public-domain · open source
OpenJurist

Tenn. Code Ann. § 56-1-310

Moneys collected by boards attached to division of regulatory boards — Separate account in state general fund

Known as the Tennessee Insurance Law

The act spans §§ 56–56 (1,220 sections).

Acts 1991, ch. 440, § 1.

(1) Notwithstanding any law to the contrary, all moneys collected by any board attached to the division of regulatory boards pursuant to § 4-3-1304 shall be deposited in the state general fund and credited to a separate account for each board.

(2) Disbursements from the accounts shall be made solely for the purpose of defraying expenses incurred in the implementation and enforcement of the boards' areas of regulation.

(3) The expenses shall not be paid from any other state funds.

(4) Funds remaining in board accounts at the end of any fiscal year shall not revert to the general fund but shall remain available for expenditure in accordance with law.

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.