§ 4-35-102. Creation of Audit Committees
A state governing board, council, commission, or equivalent body that has the authority to hire and terminate its employees shall create an audit committee, subject to subsection (c). A state governing board, council, commission, or equivalent body that is responsible for the preparation of financial statements, whether included in the financial statements of other entities […]
§ 4-35-103. Development of Charter — Guidelines for and Review of Charter — Approval
An audit committee created pursuant to this chapter shall develop a written charter addressing the audit committee’s purpose, powers, duties, and mission. The comptroller of the treasury shall establish guidelines for creation of an audit committee charter and shall review the proposed charter to determine whether the charter contains the minimum necessary requirements. The charter, […]
§ 4-35-104. Standing Committee — Members — Meetings
The audit committee shall be a standing committee of the state governing board, council, commission, or equivalent body. An audit committee created pursuant to this chapter shall have at a minimum three (3) members, chosen as prescribed in the audit committee charter. The audit committee’s charter shall provide for the frequency of and procedures relative […]
§ 4-35-105. Responsibilities of Audit Committee
The responsibilities of an audit committee created pursuant to this chapter include, but are not limited to: Overseeing the financial reporting and related disclosures, especially when financial statements are issued; Evaluating management’s assessment of the body’s system of internal controls; Formally reiterating, on a regular basis, to the state governing board, council, commission, equivalent body, […]
§ 4-35-106. Powers and Duties
An audit committee created pursuant to this chapter shall have the power and duty to take whatever actions the audit committee deems necessary in carrying out its responsibilities in this chapter, including, but not limited to: Seeking information the audit committee requires from employees or external parties; Meeting with agency management, board, council, commission, or […]
§ 4-33-105. [reserved.]
The following agency actions are exempt from this chapter: The collection and payment of social security funds, retirement funds or employee benefit funds; Participation in any federal program, if under federal law the participation would be prevented by compliance with this chapter; All emergency rules, or emergency purchases, if the governor agrees that an emergency […]
§ 4-32-102. Purposes
In order to maximize the effectiveness of state government through collaboration with faith-based and community initiatives to serve Tennesseans with respect to public purposes, such as improving public safety, overcoming addiction, strengthening families and communities, and overcoming poverty, the office shall, to the extent permitted by law: Promote and foster the development of relationships and […]
§ 4-32-103. Nonprofit Partnerships
The office may partner with a nonprofit public benefit corporation that is organized to maximize the effectiveness of faith-based and community initiatives in serving Tennesseans with respect to public purposes, in order to carry out the purposes of the office. The governor shall select the members of the board of directors of the nonprofit partner. […]
§ 4-32-104. Expenses and Administration
It is the intent of the general assembly that the state shall realize no increased cost as a result of this chapter. For administrative purposes, the office is attached to the department of finance and administration. Any department, agency, board or commission, or other division of state government may provide staff and other assistance to […]
§ 4-32-105. Retirement Benefits
The nonprofit partner shall be eligible to be a participating employer in the Tennessee consolidated retirement system upon passage of a resolution by the nonprofit’s board of directors authorizing: An actuarial study; and Participation, and accepting the liability as a result of the participation, by its full-time employees. The employees of the nonprofit partner must […]