Filing fees - Financial statements

(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. (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. (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.