Section 49-2-204 - Debts - Penalty(a) Any member of the board who votes to create debts beyond the legitimate income provided in the school budget for any school year or in any way misappropriates or misuses school funds commits a Class A misdemeanor and shall forfeit office.(b) This section does not apply to an innovative school district as defined in § 49-8-1502.Amended by 2024 Tenn. Acts, ch. 1053,s 6, eff. 5/28/2024, app. to the 2024-2025 school year and each school year thereafter.Acts 1925, ch. 115, § 6; Shan. Supp., § 1487a40; Code 1932, § 2329; Acts 1974, ch. 654, § 23; T.C.A. (orig. ed.), § 49-216; Acts 1989, ch. 591, § 111.