4-40-406 - Authority to create nonprofit organization. [Effective until June 30, 2010. See the Compiler's Notes.] - Tennessee Statutes

4-40-406. Authority to create nonprofit organization. [Effective until June 30, 2010. See the Compiler's Notes.]

The center is authorized to create or establish a nonprofit organization which shall also be eligible to request and receive gifts, contributions, bequests, donations and grants from any legal and appropriate source to effectuate the center's purpose. The nonprofit organization, if created, shall report its receipts and expenditures on an annual basis to the commissioner of finance and administration and the comptroller of the treasury.

[Acts 2006, ch. 867, § 1.]