Tennessee Code 8-25-302 – “Profit” defined
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Terms Used In Tennessee Code 8-25-302
- State: means the state of Tennessee. See Tennessee Code 8-34-101
As used in this part, “profit” means the excess revenue over expenditures prior to the expenditure of the amount which may be optionally made available for employees in cash or placed in trust by the state on behalf of the employees under the plan.