Tennessee Code 54-4-103 – Distribution of funds – Resolution directing expenditure – Bond of officer handling – Compensation of trustee – Final disposition of fund
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Terms Used In Tennessee Code 54-4-103
- 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
- Commissioner: means the commissioner of transportation. See Tennessee Code 54-5-103
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the department of transportation. See Tennessee Code 54-5-103
- Highway: includes public bridges and may be held equivalent to the words "county way" "county road" or "state road". See Tennessee Code 1-3-105
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
- 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
- Trustee: A person or institution holding and administering property in trust.