(a) Funds of the commission shall be used exclusively for the purposes and activities set forth in this part and shall be invested by the state treasurer in accordance with § 9-4-603.

Terms Used In Tennessee Code 49-6-1706

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(b) Any reserve balance remaining unexpended at the end of a fiscal year in the commission’s account shall not revert to the general fund but shall be carried forward into the subsequent fiscal year.
(c) Notwithstanding any law to the contrary, interest accruing on investments and deposits of the commission shall be credited to the commission’s account, shall not revert to the general fund, and shall be carried forward into the subsequent fiscal year.
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