Tennessee § 50-6-621 - Bonds, appropriation for start-up costs.
Full text of Tennessee Tennessee Code Annotated § 50-6-621 — Bonds, appropriation for start-up costs., with citation guidance and answers to common questions.
§ 50-6-621. Bonds, appropriation for start-up costs.
The state is authorized to issue bonds in accordance with law or appropriate funds in the general appropriations act to the competitive state compensation insurance fund for start-up costs to be repaid pursuant to terms set by authorizing legislation for issuance of the bonds or appropriated funds. The start-up costs may be utilized by the fund to meet the reserve and capitalization requirements of the department of commerce and insurance. The funds set aside for this purpose shall be considered an admitted asset for regulatory purposes. The time for the fund repaying the appropriations may be extended by the funding board. Acts 1992, ch. 900, § 26; 1994, ch. 979, § 1; 1995, ch. 448, § 1. Code Commission Notes. Former subsection (b), concerning the reversion to the general fund of unexpended funds appropriated for establishing to workers' compensation insurance fund, was deleted as obsolete by the code commission in 2005.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 50-6-621
What does Tennessee Code Annotated § 50-6-621 cover?
Section 50-6-621 ("Bonds, appropriation for start-up costs.") 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 § 50-6-621?
A common citation format is "Tennessee Code Annotated § 50-6-621" (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 § 50-6-621 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.