Bill > HB1567

This bill extends the operational period of the Collateral Pool Board, a body responsible for managing collateral, until June 30, 2031, by amending specific sections of Tennessee Code Annotated (TCA) related to state government organization and public finance. Specifically, it removes a provision that would have terminated the board's existence and adds a reference to the Collateral Pool Board, created under TCA Section 9-4-506, within the state's governmental organization statutes. The bill takes effect immediately upon becoming law, as it is deemed necessary for the public welfare.