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Current as of January 02, 2024 | Updated by Findlaw Staff
(a)(1) At the end of each fiscal year, the comptroller of the treasury shall report on all state lending programs and state credit support programs in a single document, including a cite to each individual lending program's statutory authority.
(2) The report must include:
(A) The total dollar amount of all lending in state lending programs and the total amount of all debt supported by state credit support programs, and the totals for each individual program; and
(B) Reasonable estimates of the cost of likely defaults on all state lending programs and state credit support programs, using generally accepted accounting principles for credit losses, and the estimates for each individual program.
(b)(1) The comptroller of the treasury shall provide the report required under subsection (a) to:
(A) Each member of the general assembly; and
(B) The commissioner of finance and administration.
(2) The report may be provided electronically.
Cite this article: FindLaw.com - Tennessee Code Title 9. Public Finances § 9-5-103 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-9-public-finances/tn-code-sect-9-5-103/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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