Rules & Regulations of the State of Tennessee
Title 0240 - Board of Regents
Subtitle 0240-02 - Systemwide Student Rules
Chapter 0240-02-04 - Student Organizations
Section 0240-02-04-.10 - FISCAL PROCEDURES

Current through September 24, 2024

(1) Each organization shall maintain a sound financial system related to the collection and disbursement of revenues in accordance with generally accepted accounting principles. An organization may be subject to audit by representatives of the institution or school at any time, and appropriate financial records shall be maintained for the purposes of audit.

(2) Each organization shall designate an officer of the organization who is responsible for the collection and disbursement of funds and the maintenance of books and records.

Authority: T.C.A. § 49-8-203.

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