2015 Tennessee Code
Title 49 - Education
Chapter 7 - Postsecondary and Higher Education Generally
Part 12 - Labor Education Alignment Program (LEAP)
§ 49-7-1208 - Creation in state treasury of a workforce advanced training fund -- Appropriation of funds -- Administration of fund.

There is created in the state treasury a "workforce advanced training fund," referred to in this part as the "fund." The fund shall consist of moneys appropriated to the fund by the general assembly. Interest accruing on investments and deposits of the fund shall be carried forward into the subsequent fiscal year. Any fund balance remaining unexpended at the end of a fiscal year shall remain in the fund and shall not be transferred or revert to the general fund of the state at the end of any fiscal year. Moneys in the fund shall be invested by the state treasurer in accordance with § 9-4-603. The fund shall be administered by the department of economic and community development. Moneys in the fund shall be subject to annual appropriation by the general assembly to the department of economic and community development to cover the costs associated with the establishment of the LEAP and any grants authorized pursuant to this part.