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TENNESSEE STATUTES AND CODES
49-4-506 - Reallocation of surplus funds.
49-4-506. Reallocation of surplus funds.
Whenever, in the judgment of TSAC, loan moneys advanced to an educational institution exceed the demand for loans at that institution, TSAC is authorized to recall that portion of the advance not needed, plus any amounts of interest earned, and make it available to an institution where it is needed.
[Acts 1977, ch. 282, § 1; T.C.A., § 49-5407.]
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