Tennessee § 49-2-503 - Disposition of special school district funds.
Full text of Tennessee Tennessee Code Annotated § 49-2-503 — Disposition of special school district funds., with citation guidance and answers to common questions.
§ 49-2-503. Disposition of special school district funds.
The county trustees of the several counties of this state are authorized to pay over to the county board of education of their respective counties any balance of funds in the hands of the trustees that have been derived from special school district taxes, when and if the law or laws creating the special school district have been repealed. When any funds have been paid over to the county board of education under subsection (a), the funds shall be applied and expended by the county board of education only in accord with the limitations and provisions of §§ 49-2-502 and 49-2-1002. Acts 1949, ch. 45, §§ 1, 2; C. Supp. 1950, §§ 2397.7, 2397.8 (Williams, §§ 2397.6, 2397.7); T.C.A. (orig. ed.), §§ 49-408, 49-409. Cross-References. Effect of metropolitan government chapters, § 7-1-107 . Law Reviews. Symposium – Memphis in the Law: A Memphis Dilemma: A Half-Century of Public Education Reform in Memphis and Shelby County From Desegregation to Consolidation (Daniel Kiel), 41 U. Mem. L. Rev. 787 (2011). Attorney General Opinions. Authority of commissioner to waive superintendents' (now director of schools') pay increases, OAG 96-082, 1996 Tenn. AG LEXIS 92 (5/14/96).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-2-503
What does Tennessee Code Annotated § 49-2-503 cover?
Section 49-2-503 ("Disposition of special school district funds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-2-503?
A common citation format is "Tennessee Code Annotated § 49-2-503" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-2-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.