TCA § 11-25-117 — Net earnings
The authority’s net earnings may not go to private individuals or businesses after expenses are paid, unless the board has provided for expenses, bonds, and other obligations; in that case, later net earnings must be paid to the relevant municipality or municipalities. The board may also transfer property under an auth
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- Jurisdiction
- United States — Tennessee
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
The authority’s net earnings may not go to private individuals or businesses after expenses are paid, unless the board has provided for expenses, bonds, and other obligations; in that case, later net earnings must be paid to the relevant municipality or municipalities. The board may also transfer property under an authority lease.
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TCA § 11-25-117 — Net earnings
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