TCA § 11-25-117 — Net earnings
The authority’s net earnings may not go to private individuals or businesses after expenses are paid, unless the board has provided for expenses, bonds, and other obligations; in that case, later net earnings must be paid to the relevant municipality or municipalities. The board may also transfer property under an auth
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- United States — Tennessee
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- en
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About this statute
The authority’s net earnings may not go to private individuals or businesses after expenses are paid, unless the board has provided for expenses, bonds, and other obligations; in that case, later net earnings must be paid to the relevant municipality or municipalities. The board may also transfer property under an authority lease.
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TCA § 11-25-117 — Net earnings
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