Terms Used In Tennessee Code 3-7-114

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Code: includes the Tennessee Code and all amendments and revisions to the code and all additions and supplements to the code. See Tennessee Code 1-3-105
  • 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.
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105

Within forty-five (45) days following the conclusion of each fiscal year, the fiscal review committee shall identify and list each law enacted during the fiscal year that is null and void for lack of a timely appropriation providing the estimated first year’s funding for the law, as required by Article II, § 24 of the Constitution of Tennessee. The list shall be promptly delivered to the speaker of the senate, the speaker of the house of representatives, and the executive secretary of the Tennessee code commission.