9-9-107 - Payments by state funding board.
9-9-107. Payments by state funding board.
The state funding board shall provide for the payment of the principal of and interest on all obligations issued under the provisions of this chapter and other obligations issued in anticipation thereof as authorized by law, as the same shall become due, out of revenues and funds available for such purposes. All funds paid to the state funding board under the provisions of this chapter shall be dedicated to and applied solely to such purposes or as otherwise specified in this chapter.
[Acts 1937, ch. 165, §§ 9, 10 (Williams, §§ 1811.20, 1811.21); impl. am. Acts 1959, ch. 9, § 8; T.C.A. (orig. ed.), § 9-908; Acts 2000, ch. 598, § 2.]