(a) The commissioner of finance and administration is directed to establish procedures to provide for the advance payments authorized in § 71-1-201. At the termination of the contract or upon termination of provision of contracted social service by the agency, the department of human services shall withhold any outstanding advance from funds otherwise payable to the agency under the contract with the department.

Terms Used In Tennessee Code 71-1-205

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
(b) The advance payments shall not exceed an amount appropriated for the advance payments in the general appropriations act for each fiscal year.
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