8-38-115 - Contribution fund Establishment Control. - Tennessee Statutes

8-38-115. Contribution fund Establishment Control.

(a)  There is hereby established a special fund to be known as the contribution fund.

(b)  Such fund shall consist of and there shall be deposited in such fund:

     (1)  All contributions, interest and penalties collected under §§ 8-38-105 8-38-114(a) and (b);

     (2)  All moneys appropriated thereto under this chapter; and

     (3)  All sums recovered upon bond of the custodian or otherwise for losses sustained by the fund, and all other moneys received by the fund from any other source.

(c)  All moneys in the fund shall be mingled and undivided.

(d)  Subject to the provisions of this chapter, the state treasurer is vested with full power, authority and jurisdiction over the fund and may perform any and all acts, whether or not specifically designated, which are necessary to the administration thereof and are consistent with the provisions of this chapter.

[Acts 1951, ch. 90, § 6 (Williams, § 1034.69); T.C.A. (orig. ed.), § 8-3815; Acts 1985, ch. 66, § 10.]