Tenn. Code Ann. § 13-14-108: Uniform accounting system

(a) The comptroller of the treasury is directed to develop a uniform accounting system conforming to generally accepted accounting principles for the governing boards operating under this chapter.

(b) Such uniform accounting system shall be subject to the approval of the commissioner of finance and administration. Upon such approval, each development district shall establish and maintain the uniform accounting system.

(c) No state appropriation shall be released to a development district until such district has established the required accounting system.