What can we help you find today?

Mandated Asset Forfeiture

Mandated Asset Forfeiture

Print This PagePrint This PageSend by EmailSend by EmailPDF versionPDF version

In 2018 the Tennessee State Legislature mandated the comptroller's regular audit of a local government to include how proceeds derived from forfeited assets are used by county or municipal law enforcement agencies (T.C.A. 40-33-211(a)(2)). The comptroller shall provide that information to the department of safety for publication on its website and for an annual report to the legislature.

The language of the statute is relevant to all asset forfeiture proceeds, not just those destined for the drug fund. This includes judicial forfeitures, but not Equitable Sharing proceeds from the federal courts.

To this end the Comptroller’s office has created a new form to be filled out at the end of the fiscal year and forwarded to the comptroller’s office by August 31The form and instructions are linked here in this notice.

Anyone needing assistance completing the form can contact their MTAS Finance and Accounting consultant or their MTAS Municipal Management Consultant.

Monday, July 15, 2019

Share this post