Allows municipalities to contract with certified public accountants as certified municipal finance officers with specific oversight requirements.
This bill amends Tennessee law to allow municipalities to contract with certified public accountants to perform the duties of a certified municipal finance officer. The contracted officer must devote at least 16 hours per month to financial oversight unless the comptroller of the treasury grants a one-year approval for fewer hours. Annual renewal of this approval is required.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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