SB4162 - Tennessee: Public Funds And Financing, State Government

Companion Bill HB4118. Public Funds and Financing - Specifies that the present law requirement for each agency of state government to establish and maintain internal accounting and administrative controls applies to institutions of higher education; requires such entities to annually perform a management assessment of risk. - Amends TCA Title 9, Chapter 18. Fiscal Summary for SB4162 / *HB4118 Increase State Expenditures - Not Significant Bill Summary for SB4162 / *HB4118 Present law requires each agency of state government to maintain internal accounting and administrative controls to provide reasonable assurance that: (1) Obligations and costs are in compliance with applicable law; (2) Funds, property, and other assets are safeguarded against waste, loss, unauthorized use, or misappropriation; and (3) Revenues and expenditures [...]

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