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Bill > HB1794
TN HB1794
TN HB1794AN ACT to amend Tennessee Code Annotated, Title 9 and Title 49, relative to investment pools for school districts.
summary
Introduced
01/21/2026
01/21/2026
In Committee
02/02/2026
02/02/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, authorizes school districts to establish fund pools for the investment of school district funds. - Amends TCA Title 9 and Title 49.
AI Summary
This bill allows school districts in Tennessee to create their own investment pools for managing their funds, similar to how local governments currently invest their idle funds through a "local government investment pool." This means school districts can work together, or a single district can establish a pool, and manage these investments themselves or through a designated board or agent. These new pools must have a written investment policy, which needs to be consistent with state guidelines and approved by the state funding board, and all agreements and policies must be filed with and are subject to audit by the comptroller of the treasury. The bill amends existing Tennessee Code Annotated (TCA) sections related to public funds investment, specifically TCA Title 9 (Public Finance) and Title 49 (Education), to implement these changes.
Committee Categories
Education
Sponsors (1)
Last Action
Assigned to s/c K-12 Subcommittee (on 02/02/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1794&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1794.pdf |
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