Tenn. Code Ann. § 49-50-910: Records - Audits

(a) Any station that receives any grant under this part shall retain a complete set of business records for a period of not less than three (3) years following the date of the grant. These records are to be maintained in accordance with generally accepted accounting practices, and shall be in a form that is readily auditable.

(b) The commissioner or comptroller of the treasury may examine the records as necessary to ascertain that the sums appropriated by the general assembly are being used by the grantee stations for purposes of station operation or capital improvement and not for any private purpose.