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TENNESSEE STATUTES AND CODES
49-3-408 - Nonprofit corporation for administrative services.
49-3-408. Nonprofit corporation for administrative services.
(a) The state board of education is authorized to create a nonprofit corporation in accordance with the laws of this state and for the purpose of providing administrative services relative to the special trust fund for education.
(b) The corporation shall have such powers as are necessary to carry out the intent of this part, including, though not limited to, the solicitation of contributions and disbursement of funds.
[Acts 1988, ch. 624, § 2.]
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