9-4-809 - Earnings Repayment of capital loans.
9-4-809. Earnings Repayment of capital loans.
Earnings of the trust company attributable to its capital shall be repaid to the state treasury and the Tennessee consolidated retirement system until the capital loan of each is repaid in full. Earnings attributable to capital thereafter, and all investment earnings of the trust company, shall be distributed to the state treasury, the Tennessee consolidated retirement system, and such other governmental agencies or instrumentalities as required by law, in proportion to the amount of principal held by the trust company for each agency.
[Acts 1985, ch. 118, § 61.]