{"data":{"id":"us-tn/tenn.-code-ann.-45-17-106","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 45-17-106","heading":"Filing fees - Financial statements","body":"(a) Each application for a license shall be accompanied by: (1) A nonrefundable supervision fee, as provided in § 45-1-118(i) ; and (2) A balance sheet and income statement for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm. For a newly created entity, the commissioner may accept a balance sheet only, accompanied by a projected income statement demonstrating that the licensee will have adequate capital after payment of start-up costs. (b) The supervision fee set forth in subdivision (a)(1) shall be applicable to each location. Amended by 2014 Tenn. Acts, ch. 736,s 21, eff. 7/1/2015. Amended by 2014 Tenn. Acts, ch. 736,s 20, eff. 7/1/2015. Acts 1997, ch. 255, § 7; 1999, ch. 14, § 1.\n(a) Each application for a license shall be accompanied by: (1) A nonrefundable supervision fee, as provided in § 45-1-118(i) ; and (2) A balance sheet and income statement for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm. For a newly created entity, the commissioner may accept a balance sheet only, accompanied by a projected income statement demonstrating that the licensee will have adequate capital after payment of start-up costs.\n(1) A nonrefundable supervision fee, as provided in § 45-1-118(i) ; and\n(2) A balance sheet and income statement for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm. For a newly created entity, the commissioner may accept a balance sheet only, accompanied by a projected income statement demonstrating that the licensee will have adequate capital after payment of start-up costs.\n(b) The supervision fee set forth in subdivision (a)(1) shall be applicable to each location.","path":["TN Code","Title 45","Chapter 17"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"585f13efbc9bf7bc79efb8a1eef8871d8a1dd85989068e3374fce562c5c1d76c","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-45-17-105","next":"us-tn/tenn.-code-ann.-45-17-107"},"notice":"GroundRules: Original legal text. Not legal advice."}