Statutes > Tennessee Statutes > Title 12 - Public Property, Printing And Contracts > Chapter 4 - Public Contracts > Part 7 - Prompt Payment for Property or Services > 12-4-705 - Appropriations to pay interest prohibited.

12-4-705 - Appropriations to pay interest prohibited.

12-4-705. Appropriations to pay interest prohibited.

An agency may not seek additional appropriations to pay interest which accrues as a result of its failure to make timely payments required by § 12-4-703.

[Acts 1985, ch. 57, § 1.]