8-19-504 - Legislative intent. - Tennessee Statutes

8-19-504. Legislative intent.

It is the declared intent of this part to hold liable any person, and thereby such person's bonding company, who is responsible for shortages in state properties or moneys, for any balance of properties or moneys due the state following an unauthorized settlement without approval of the comptroller of the treasury, and to also hold liable the person responsible for such unauthorized settlement and the person's bonding company.

[Acts 1963, ch. 88, § 4; T.C.A., § 8-1957.]