43-21-112 - Limitation on amount of state aid.
43-21-112. Limitation on amount of state aid.
No fair shall receive state aid in excess of fifty percent (50%) of its approved agricultural premiums in any one (1) year under this chapter. In no case shall a fair association in any one (1) season be paid in both state aid and merit award combined more than one half (½) the amount paid by the association in approved agricultural premiums as set out in § 43-21-106.
[Acts 1957, ch. 261, § 4; 1963, ch. 135, § 3; T.C.A., § 43-2412; Acts 1980, ch. 670, § 6.]