(a) There is created a special account in the state treasury to be known as the tire environmental fund.
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Terms Used In Tennessee Code 68-211-304

  • 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.
  • Fund: means the tire environmental fund created by this part. See Tennessee Code 68-211-302
  • Tire: means a continuous solid or pneumatic rubber covering encircling the wheel of a motor vehicle. See Tennessee Code 68-211-302
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(b) Moneys shall be deposited in the fund as provided in § 68-211-303(c).
(c) Moneys in the fund shall be used exclusively by the department of environment and conservation in accordance with § 68-211-305.
(d) Moneys in the fund may be invested by the state treasurer in accordance with § 9-4-602.
(e) Notwithstanding any law to the contrary, interest accruing on investments and deposits of the fund shall be credited to such fund, shall not revert to the general fund, and shall be carried forward into the subsequent fiscal year.
(f) Any balance in the fund remaining unexpended at the end of a fiscal year shall not revert to the general fund but shall be carried forward into the subsequent fiscal year.
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