41-22-123 - Disposition of proceeds Quarterly statement. - Tennessee Statutes

41-22-123. Disposition of proceeds Quarterly statement.

(a)  All receipts from the sale of prison products shall be placed to the credit of the Tennessee rehabilitative initiative in correction (TRICOR) board, which, except as provided in this part, is authorized to expend such moneys from this fund as may be necessary to procure tools, supplies and materials, replace equipment and to employ personnel and otherwise defray the necessary expenses incident to the employment of inmates as provided in this part.

(b)  A profit and loss statement of TRICOR's operation shall be prepared quarterly, within the month following the end of the quarter, and a copy of this statement, certified by the fiscal officer of TRICOR, shall be sent to the comptroller of the treasury and to the commissioner of finance and administration. Any statement shall be approved by the comptroller of the treasury before it may be released for publication.

[Acts 1937, ch. 278, § 6; impl. am. Acts 1939, ch. 11, § 1; mod. C. Supp. 1950, § 12209.6 (Williams, § 12209.11); impl. am. Acts 1955, ch. 102, § 1; Acts 1972, ch. 736, § 1; T.C.A. (orig. ed.), § 41-425; Acts 1994, ch. 737, § 17; 1996, ch. 564, § 2; 2003, ch. 187, § 6.]