Public Chapter 62
HOUSE BILL NO. 1372
By Representative Pinion
Substituted for: Senate Bill No. 1196
By Senator Ramsey
AN ACT to amend Tennessee Code Annotated, Section 62-19-116, relative to the Tennessee Auctioneer Commission.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 62-19-116(l)(1), is amended by deleting the words "any return on investment of the account" and substituting the following:
any return on investment of funds in the account and any balance in the account over one hundred fifty thousand dollars ($150,000)
SECTION 2. Tennessee Code Annotated, Section 62-19-116(l)(1), is further amended by adding a new subdivision, as follows:
(__) Employ an investigator to assist the commission;
SECTION 3. This act shall take effect upon becoming a law, the public welfare requiring it.