CHAPTER NO. 664
SENATE BILL NO. 3014
Substituted for: House Bill No. 2901
AN ACT To amend Tennessee Code Annotated, Title 9, Chapter 18, Part 1, relative to the Financial Integrity Act of 1983.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 9-18-102, is amended by adding the words "and maintain" between the words "establish" and "internal" in the first sentence.
SECTION 2. Tennessee Code Annotated, Section 9-18-102, is further amended by deleting the word "accounts" in subsection (3) and by substituting instead the word "accurate".
SECTION 3. Tennessee Code Annotated, Section 9-18-103, is amended by deleting "1983" and by substituting instead "1998".
SECTION 4. Tennessee Code Annotated, Section 9-18-104(a), is amended by deleting the language "By December 31 of each year" and by substituting instead the following language:
By December 31, 1999 and December 31 of every fourth year thereafter
SECTION 5. Tennessee Code Annotated, Section 9-18-104, is further amended by adding the following language as a new subsection (a):
(a) By June 30, 1999, and each year thereafter, the head of each executive agency, in accordance with the guidelines prescribed under Section 9-18-103, shall submit to the Commissioner of Finance and Administration and the Comptroller of the Treasury a letter acknowledging responsibility for maintaining the internal control system of the agency.
and redesignating the existing subsections accordingly.
SECTION 6. Tennessee Code Annotated, Section 9-18-104, is further amended by redesignating the original subsection (b) as a new subdivision (b)(3).
SECTION 7. This act shall take effect on becoming law, the public welfare requiring it.
March 12, 1998
APPROVED this 25th day of March 1998