26 chapters · 561 sections in this title.
Tenn. Code Ann. § 6-56-101 Minimum budget requirements — Municipalities with an established LEA
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(a) This section applies to all municipalities that have established an LEA, as defined in § 49-1-103, pursuant to § 49-2-401. (b) If the municipal legislative body and the governing body of the LEA fail to agree upon a budget for the LEA by August 31 of any year, then, by operat…
Tenn. Code Ann. § 6-56-102 Continuation of operating budget for the fiscal year in the event of failure to adopt
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(a) If a municipal legislative body has not adopted a budget by the first day of any fiscal year, and until a final operating budget is adopted, the operating budget for the fiscal year just ended and the appropriation ordinance for the fiscal year just ended continues in effect …
Tenn. Code Ann. § 6-56-105 Audit of subordinate agencies
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(a) The governing body of each municipality shall cause an annual audit to be made of the accounts and records of all departments, boards, and agencies under its jurisdiction that receive and disburse funds. The audit must include, but is not limited to, general funds, highway fu…
Tenn. Code Ann. § 6-56-106 Authorized investments
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(a) In order to provide a safe temporary medium for investment of idle funds, municipalities are authorized to invest in the following:(1) Bonds, notes or treasury bills of the United States;(2) Nonconvertible debt securities of the following federal government-sponsored enterpri…