Tennessee Code 49-9-1202 – State matching funds
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Terms Used In Tennessee Code 49-9-1202
- 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
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
The state shall match the funds raised by each 4-H district up to one hundred thousand dollars ($100,000) as money in the endowment fund becomes available through the general appropriations act or grants. No district may receive matching funds totaling more than one-sixth (1/6) of the amount of money in the endowment fund during any fiscal year. If at the end of a fiscal year there remains money in the fund, districts that have raised more than one-sixth (1/6) of the money available during that year shall be entitled to a pro rata match of the money remaining in the fund. The funds raised by the 4-H district, together with the state matching funds, shall be deposited in the endowment fund for each district created by this part.