Tennessee § 68-115-107 - Fees — Disposition of funds.

§ 68-115-107. Fees — Disposition of funds.

The fees established for professional combatants, promoters, managers, matchmakers, seconds, ringside physicians, and other ring officials licensed in accordance with § 68-115-204 shall be in an amount that provides for the cost of administering the licensing and regulation of unarmed combat contests. All moneys collected by the department pursuant to this chapter shall be deposited in the state treasury in a separate fund to be known as the Tennessee athletic commission administrative fund. Fees to be paid by the persons listed in subsection (a) shall be adjusted as necessary to provide that the Tennessee athletic commission administrative fund is fiscally self-sufficient and that the revenues from fees do not exceed necessary and required expenditures. Disbursements from the Tennessee athletic commission administrative fund shall be made solely for the purpose of defraying expenses incurred by the commission in the implementation and enforcement of this chapter. No expenses for the implementation and enforcement of this chapter shall be payable from the general fund of the state. Any part of the Tennessee athletic commission administrative fund remaining at the end of a fiscal year shall not revert to the general fund, but shall be carried forward until expended in accordance with this chapter. Acts 2015, ch. 351, § 7. Compiler's Notes. Former Chapter, §§ 68-115-101 — 68-115-501 (Acts 2008, ch. 1149, § 2; 2009, ch. 598, §§ 1-9, 11, 13; 2011, ch. 352, § 1; 2012, ch. 1098, §§ 1-13; 2013, ch. 498, § 1), concerning the Tennessee athletic commission act of 2008, was repealed and reenacted by Acts 2015, ch. 351, §§ 3-20, effective January 1, 2016. Effective Dates. Acts 2015, ch. 351, § 21. January 1, 2016.