Public Funds and Financing - As introduced, requires the state treasurer to allocate and deposit 10 percent of the investment income earned by the state pooled investment fund each fiscal year to the state highway fund. - Amends TCA Section 9-4-603.

Summary

The bill adds a new rule to Tennessee law that the state treasurer must allocate ten percent of the investment income from the state pooled investment fund to the state highway fund before June 30 each fiscal year. It affects the Treasury’s handling of investment returns and provides additional revenue for highway projects. The change takes effect immediately once enacted.

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