Dyersburg Board of Education v. Dyer County Commission

HIGHERS, Judge.

This is an appeal by the Dyer County Commission and Dyer County Board of Education from a summary judgment in favor of the Dyersburg Board of Education (Dyersburg or “City System”) awarding Dyersburg $554,702.40 found due under T.C.A. § 49-3-315 (Supp.1988).

Dyer County sold its hospital and used proceeds from the sale to establish the Hospital Proceeds Fund. In June of 1984, Dyer County allotted $500,000 in interest from this fund to education: $150,000 to the Dyersburg City Schools and $350,000 to the Dyer County Schools. In June of 1986, $350,000 was transferred from the fund…