(a) There is created a special account in the state treasury to be administered by the office of the comptroller of the treasury and to be known as the energy policy development resources fund, referred to in this section as the “energy resources fund.”

Terms Used In Tennessee Code 68-204-109

  • 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
(b) The comptroller may disburse moneys in the energy resources fund to the council for the following purposes:

(1) Developing the comprehensive state energy policy plan, as prescribed in § 68-204-103;
(2) In furtherance of the purposes of this chapter; and
(3) To offset the cost of administering this chapter.
(c) A grant from the energy resources fund shall be disbursed in an annual amount of fifty thousand dollars ($50,000). It is the legislative intent that the annual amount be appropriated each fiscal year in the general appropriations act for awarding a grant.
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