Table 1:
First letter of withholding | 2% of annual State Education Finance Funds scheduled to be granted to the LEA |
Second letter of withholding | 4% of annual State Education Finance Funds scheduled to be granted to the LEA |
Third letter of withholding | 6% of annual State Education Finance Funds scheduled to be granted to the LEA |
Fourth letter of withholding | 8% of annual State Education Finance Funds scheduled to be granted to the LEA |
Fifth or more letter of withholding | 10% of annual State Education Finance Funds scheduled to be granted to the LEA |
Tenn. Comp. R. & Regs. 0520-01-23-.04
Authority: T.C.A. §§ 49-1-201 and 49-6-310.