Tennessee § 9-9-101 - State funding board.

§ 9-9-101. State funding board.

The state funding board shall be composed of the governor, the commissioner of finance and administration, the state treasurer, the secretary of state, and the comptroller of the treasury. The governor shall serve as the chair, and the comptroller shall serve as the vice chair and secretary. The board has the power to prescribe its rules and regulations and govern its meetings and procedures as it may deem advisable. A majority of the board constitutes a quorum and the confirming vote of at least three (3) members of the board is required. Acts 1927, ch. 1, § 4; 1929, ch. 125, § 1; 1929 (Ex. Sess.), ch. 9, § 1; Code 1932, § 1800; Acts 1937, ch. 33, § 45; 1937, ch. 258, § 1; 1939, ch. 11, § 29; 1941, ch. 7, § 1; C. Supp. 1950, §§ 255.47, 1800.1 (Williams, §§ 255.48, 1800.1); Acts 1959, ch. 9, § 8; 1959, ch. 155, § 1; impl. am. Acts 1961, ch. 97, § 3; Acts 1976, ch. 806, § 1(46); T.C.A. (orig. ed.), § 9-901; Acts 2010, ch. 982, § 1; 2013, ch. 176, § 2. Compiler's Notes. The state funding board, created by this section, terminates June 30, 2024. See §§ 4-29-112 , 4-29-245 . Acts 2013, ch. 176, § 1 provided that the act, which deleted subsection (b), shall be known and may be cited as the “Hawkins-Wilson Act.” Acts 2013, ch. 176, § 11 provided that nothing in the act, which deleted subsection (b), shall be construed so as to impair the obligation of any contract made by the state of Tennessee upon any bond of the state issued under title 9, chapter 9 outstanding as of July 1, 2013. Cross-References. Age discrimination prohibited for appointments to state boards and commissions, § 4-1-403 . Bonds for aid of consolidating counties, § 5-3-122 . Federal loans, approval by funding board, § 4-4-116 . State funding board attached to office of the comptroller of the treasury, § 4-3-306 . Law Reviews. Financing Public Needs After Tax Reform (Jon G. Roach), 23 Tenn. B.J. 19 (1987). Attorney General Opinions. In the event the general assembly does not enact an annual appropriations act, principal and interest on long-term general obligation bonds may still be paid, OAG 00-083, 2000 Tenn. AG LEXIS 86 (5/4/00).