The trust must be initially funded by a deposit of all of the assets held in the wildlife management endowment fund previously created in accordance with § 70-1-501 as such section existed prior to April 14, 2022. In addition to this initial funding, the lifetime sportsman endowment fund trust must consist of the following assets deposited to or accrued in the fund:

(1) [Deleted by 2023 amendment.]
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Terms Used In Tennessee Code 70-1-503

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Wildlife: means wild vertebrates, mollusks, crustaceans, and fish. See Tennessee Code 70-1-101
(2) The proceeds from cash donations or donations of property converted or to be converted to cash;
(3) Such other sources as may be deemed appropriate, including sources that may be specified by law; and
(4) Income derived from fund investments.
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