Tennessee § 57-5-609 - Responsible vendor fees — Responsible vendor certification fund.

§ 57-5-609. Responsible vendor fees — Responsible vendor certification fund.

Each entity submitting and receiving approval for a responsible vendor training program shall pay an annual nonrefundable fee of thirty-five dollars ($35.00). In addition, each responsible vendor shall pay an annual fee that is based on the number of certified clerks existing at the time a responsible vendor applies to the commission for certification. The fees shall be as follows: 0-15 certified clerks - $25.00; 16-49 certified clerks - $75.00; 50-100 certified clerks - $150; and Over 100 certified clerks - $250. The fees shall be deposited by the commission in a special agency account to be known as the responsible vendor certification fund, referred to in this part as the fund. Any fund balance remaining unexpended at the end of a fiscal year shall be carried forward into the subsequent fiscal year and shall continue to be preserved for the administration of the vendor certification program. Interest accruing on investments and deposits of the fund shall be carried forward into the subsequent fiscal year. Moneys in the fund shall be invested by the state treasurer in accordance with § 9-4-603. The fund shall be administered by the commission. Moneys in the fund shall only be expended and obligated in accordance with appropriations made by the general assembly for the purposes as provided in this part. Acts 2006, ch. 864, § 10.