Tennessee § 41-22-123 - Disposition of proceeds — Quarterly statement.
Full text of Tennessee Tennessee Code Annotated § 41-22-123 — Disposition of proceeds — Quarterly statement., with citation guidance and answers to common questions.
§ 41-22-123. Disposition of proceeds — Quarterly statement.
All receipts from the sale of prison products shall be placed to the credit of the TRICOR board, which, except as provided in this part, is authorized to expend such moneys from this fund as may be necessary to procure tools, supplies and materials, replace equipment and to employ personnel and otherwise defray the necessary expenses incident to the employment of inmates as provided in this part. A profit and loss statement of TRICOR's operation shall be prepared quarterly, within the month following the end of the quarter, and a copy of this statement, certified by the fiscal officer of TRICOR, shall be sent to the comptroller of the treasury and to the commissioner of finance and administration. Any statement shall be approved by the comptroller of the treasury before it may be released for publication. Acts 1937, ch. 278, § 6; impl. am. Acts 1939, ch. 11, § 1; mod. C. Supp. 1950, § 12209.6 (Williams, § 12209.11); impl. am. Acts 1955, ch. 102, § 1; Acts 1972, ch. 736, § 1; T.C.A. (orig. ed.), § 41-425; Acts 1994, ch. 737, § 17; 1996, ch. 564, § 2; 2003, ch. 187, § 6.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 41-22-123
What does Tennessee Code Annotated § 41-22-123 cover?
Section 41-22-123 ("Disposition of proceeds — Quarterly statement.") 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 § 41-22-123?
A common citation format is "Tennessee Code Annotated § 41-22-123" (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 § 41-22-123 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.