Tennessee § 47-18-1607 - Fantasy sports fund.
Full text of Tennessee Tennessee Code Annotated § 47-18-1607 — Fantasy sports fund., with citation guidance and answers to common questions.
§ 47-18-1607. Fantasy sports fund.
There is created a fund to be known as the “fantasy sports fund”. All fees and penalties collected pursuant to this part and ten percent (10%) of the tax levied pursuant to the Fantasy Sports Tax Act, compiled in title 67, chapter 4, part 9, shall be deposited in the fantasy sports fund. Money in the fund shall be invested by the state treasurer in accordance with § 9-4-603. The fund shall be administered by the secretary of state. All costs of the secretary of state associated with the administration of this part shall be paid from the fund. If there is remaining any amount in the fantasy sports fund at the end of any fiscal year, ten percent (10%) of the remaining amount shall not revert to the general fund but shall remain available for the purposes set forth in subsection (b). Interest accruing on investments and deposits of the fund shall be credited to such account, shall not revert to the general fund, and shall be carried forward into each subsequent fiscal year. Acts 2016, ch. 978, § 1. Code Commission Notes. Acts 2016, ch. 978, § 1 enacted a new part 56, but the part has been redesignated as part 16, by authority of the code commission. Compiler's Notes. For Preamble to act relative to online simulated competitions, see Acts 2016, ch. 978. Effective Dates. Acts 2016, ch. 978, § 6. July 1, 2016; provided that for the purposes of promulgating rules and for purposes of §§ 39-17-501(1)(D) , 47-18-1610 , and 47-18-1611 , the act took effect April 27, 2016.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-18-1607
What does Tennessee Code Annotated § 47-18-1607 cover?
Section 47-18-1607 ("Fantasy sports fund.") 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 § 47-18-1607?
A common citation format is "Tennessee Code Annotated § 47-18-1607" (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 § 47-18-1607 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.