Public Funds and Financing - As introduced, authorizes school districts to establish fund pools for the investment of school district funds. - Amends TCA Title 9 and Title 49.

Summary

The bill authorizes school districts to establish one or more investment pools to invest idle funds, using the same framework that currently applies to local governments. Districts must create written agreements, adopt an investment policy, and file the agreements with the comptroller, who will also audit the pools. The change is intended to let districts earn returns on unused cash without imposing new taxes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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