Section 0500-08-01-.04 - INVESTMENT CONFIRMATION LETTERS(1) Within sixty (60) Days after the delivery of Qualified Investment Funds to a Qualified Business, the TNInvestco shall submit to ECD an Investment Certification Letter certified by the Principal Officer of the Qualified Business.(2) In the event of noncompliance with this rule, a penalty of $1,000 per Day shall be assessed until the noncompliance is cured.Tenn. Comp. R. & Regs. 0500-08-01-.04
New rule filed September 4, 2015; effective 12/3/2015.Authority: T.C.A. §§ 4-28-106 and 4-28-111(d).