58-1-703 - Separate revolving fund Interest and earnings Reversion of fund balance at end of fiscal year. - Tennessee Statutes

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Statutes > Tennessee > Title-58 > Chapter-1 > Part-7 > 58-1-703

58-1-703. Separate revolving fund Interest and earnings Reversion of fund balance at end of fiscal year.

(a) The military family assistance trust fund is created as a separate revolving fund. The trust fund shall consist of grants, contributions, appropriations, or other moneys made available for the purpose of the trust fund.

(b) All interest and earnings of the fund shall remain a part of the fund.

(c) No part of the fund shall revert to the general fund at the end of the fiscal year, but shall remain a part of the revolving fund available for expenditure in accordance with the provisions of this part.

[Acts 2006, ch. 914, § 1.]

State Codes and Statutes

Statutes > Tennessee > Title-58 > Chapter-1 > Part-7 > 58-1-703

58-1-703. Separate revolving fund Interest and earnings Reversion of fund balance at end of fiscal year.

(a) The military family assistance trust fund is created as a separate revolving fund. The trust fund shall consist of grants, contributions, appropriations, or other moneys made available for the purpose of the trust fund.

(b) All interest and earnings of the fund shall remain a part of the fund.

(c) No part of the fund shall revert to the general fund at the end of the fiscal year, but shall remain a part of the revolving fund available for expenditure in accordance with the provisions of this part.

[Acts 2006, ch. 914, § 1.]

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State Codes and Statutes

Statutes > Tennessee > Title-58 > Chapter-1 > Part-7 > 58-1-703

58-1-703. Separate revolving fund Interest and earnings Reversion of fund balance at end of fiscal year.

(a) The military family assistance trust fund is created as a separate revolving fund. The trust fund shall consist of grants, contributions, appropriations, or other moneys made available for the purpose of the trust fund.

(b) All interest and earnings of the fund shall remain a part of the fund.

(c) No part of the fund shall revert to the general fund at the end of the fiscal year, but shall remain a part of the revolving fund available for expenditure in accordance with the provisions of this part.

[Acts 2006, ch. 914, § 1.]