Tennessee Code 49-6-110 – Lottery proceeds
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Terms Used In Tennessee Code 49-6-110
- 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
- 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.
For the programs authorized by §§ 49-6-103 – 49-6-110, the appropriation from excess net education lottery proceeds available under title 4, chapter 51 and chapter 4, part 9 of this title shall not exceed twenty-five million dollars ($25,000,000) in any fiscal year.