13-14-208 - Administrative expenses. - Tennessee Statutes

13-14-208. Administrative expenses.

Any grant program authorized under this part to support the creation and expansion of economic development efforts by community-based organizations shall authorize the community-based development organization to utilize up to five percent (5%) of the funds for the administration of the grant program, including, but not limited to, accounting expenses associated with the grant program, not to exceed twenty thousand dollars ($20,000).

[Acts 1997, ch. 249, § 1.]