Tennessee Code 4-41-107 – Transfer of revenue from account to corporation
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 4-41-107
- Board: means the state board for licensing contractors, created by §. See Tennessee Code 4-41-102
- 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.
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
[Effective until 7/1/2024, see T.C.A. 4-41-111]
Beginning in the first full quarter of fiscal year 2015-2016 and in the first quarter of every subsequent fiscal year, the board shall transfer revenue from the account to the corporation to be allocated in the manner set forth in § 4-41-105(b).