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ECD Private Activity Bond Allocation & Annual Reports

RDA Number
11162
Effective Date
Record Series Abstract
Tenn. Code Ann. 9-20-103 gives ECD the authority to allocate the State of Tennessee's private activity bond authority among governmental units that have the authority to issue bonds. ECD is required by Tenn. Code Ann. 9-20-104 to develop an annual allocation plan for this bond authority, and is required by Tenn. Code Ann. 9-20-105 to prepare an annual report on private activity bond allocations and deliver such report to the Tennessee General Assembly. These files include annual allocation plans and annual reports. These files may also include backup documentation and recordkeeping related to the annual reports and allocation plans.
Record Series Active
Yes
Cut Off at End of
Fiscal Year
Total Retention Years
0
Total Retention Months
0
Retention End Action
Permanent
Disposition Notes
ECD's private activity bonds records should be retained permanently. Because the IRS has the ability to audit both a current bond issue and any underlying bond issues, records regarding authority to issue private activity bonds should be kept permanently in order to provide assurance that all such bonds issued under the State of Tennessee's bond authority were properly issued. Permanent retention of these records will ensure that the State of Tennessee is able to provide ongoing justification for all private activity bonds issued under the State of Tennessee's authority in case of an audit or other legal challenge to the State's private activity bond authority.
Allotment Code
330.01
Record Location
Microsoft file server located at the State of TN Data Center
File Arrangement
By year
Date Range
January, 1985 to current
Annual Accumulation
2 mb. per year
Current Volume
2 mb
Record Value
Administrative
Fiscal
Legal
Audit Requirements
Both
Information Shared Outside the State
Yes
Shared Agencies
IRS
Essential Record
No
Confidential
No
Does this Record Series Contain Sensitive Information?
No
Agency Retention
Permanent
System Name
Microsoft Office/SharePoint Data Files
Hardware Description
Microsoft Windows File Server with OIR/STS
Software Description
2013 Enterprise SharePoint, PDF documents
System Location
Microsoft File Server located at the State of TN Data Center
Backup Procedures
Nightly incremental back up, weekly full back up on Friday night, monthly backup on last Friday of the month. Magnetic tape and the tapes are stored off-site at Iron Mountain backup storage facility.
Disaster Recovery
If data becomes lost or corrupted, a RFS will be submitted to OIR/STS requesting a data restoration from the backup tapes containing the lost or corrupted data to it's original location on the file server.
Data Migration Description
All Microsoft Office and SQL database products allow for data files to be automatically upgraded to new version of software by opening and choosing to convert files on the first open with the new software versions.
Legacy Revision UUID
2104