Section 1240-06-10-.13 - PERFORMANCE BOND(1) In certain types of facilities as determined by the Agency, the manager will be required to maintain on account funds that have been given to him/her to prepay for products. An example would be an inmate commissary where the manager maintains the inmate trust fund. In such cases the manager shall be required by the Agency to secure a performance bond to protect these funds in the event the manager leaves the facility without turning over the balance of funds to the Agency or incoming manager.Tenn. Comp. R. & Regs. 1240-06-10-.13
New rule filed May 25, 2017; effective 8/23/2017.Authority: T.C.A. §§ 4-5-201 et seq., 49-11-601 et seq., 71-1-104, 71-1-105(12), and 71-4-604(c); 34 C.F.R. § 395 et seq. and 34 C.F.R. § 395.7.