71-4-405 - Rules governing disbursements Liability for losses. - Tennessee Statutes

71-4-405. Rules governing disbursements Liability for losses.

Disbursements from the revolving fund shall be made in accordance with rules and regulations recommended by the director approved by the commissioner; provided, that the director shall not be accountable for losses incurred in the making and obtaining of repayment of such advance except for losses due to the director's willful misconduct.

[Acts 1949, ch. 99, § 5; C. Supp. 1950, § 4765.92 (Williams, § 4765.78e); T.C.A. (orig. ed.), §§ 14-623, 14-14-305.]