(a) An energy efficient schools council fund shall be established as a separate account in the state treasury. Amounts remaining in the fund at the end of each fiscal year shall not revert to the general fund. Moneys in the energy efficient schools council fund shall be invested by the state treasurer pursuant to title 9, chapter 4, part 6, for the sole benefit of that fund.

Terms Used In Tennessee Code 49-17-106

  • Council: means the twelve-member energy efficient schools council created by this chapter. See Tennessee Code 49-17-102
  • 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) Funding for the account described in subsection (a) shall be subject to appropriations in the general appropriations act; provided, that this does not limit the ability to raise additional funding as described in § 49-17-103.
(c) All costs of administering the energy efficient schools initiative shall be funded from the energy efficient schools council fund as part of the program.
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