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TENNESSEE STATUTES AND CODES
49-4-505 - Disposition of income.
49-4-505. Disposition of income.
Interest income and all other income derived from the operation of the Tennessee educational loan program shall be added to the assets of the program. It is the intent of the general assembly that the program be operated as a revolving fund and TSAC shall institute appropriate accounting methods to carry out this intent.
[Acts 1977, ch. 282, § 1; 1983, ch. 338, § 9; T.C.A., § 49-5406.]
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