United States — Tennessee
TCA § 9-4-701 — Purpose and findings
1 provisions
This section says Tennessee public entities may work together to invest idle public funds to maximize investment opportunities.
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United States — Tennessee
1 provisions
This section says Tennessee public entities may work together to invest idle public funds to maximize investment opportunities.
United States — Tennessee
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This provision creates a local government investment pool for funds from local governments that are held by the state treasurer or the treasurer’s agents.
United States — Tennessee
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Members of the state funding board must advise the state treasurer on matters involving the local government investment pool.
United States — Tennessee
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The state funding board decides whether pool funds are commingled or kept separate, and the state treasurer may handle participant funds and charge a reasonable administration fee.
United States — Tennessee
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The state treasurer may assist local governments with investing temporarily surplus funds.
United States — Tennessee
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The state treasurer may open permitted accounts, make agreements with local governments for securities servicing, and deduct reasonable service charges from a participating local government's account.
United States — Tennessee
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Local governments in the investment pool must electronically transfer invested funds and electronically file related reports or documents; the state treasurer may waive these requirements in extenuating circumstances.
United States — Tennessee
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A special account called the “state office buildings and support facilities revolving fund” is created within the general fund.
United States — Tennessee
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Money left in the fund at the end of a fiscal year does not go back to the general fund; it must carry forward until spent under this part.
United States — Tennessee
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Interest earned on the fund’s investments and deposits must be returned to the fund and kept as part of it.
United States — Tennessee
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The state treasurer must invest the fund’s money, and the commissioner of general services must administer the fund under state building commission policy.
United States — Tennessee
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The revolving fund is for paying specified costs for state office buildings and support facilities.
United States — Tennessee
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Certain appropriations and related rents must be deposited into the fund.
United States — Tennessee
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Lease payments for state-agency space must be set by policy issued by the commissioner of general services and approved by the state building commission.
United States — Tennessee
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A board of claims is established, with the state treasurer or designee serving as ex officio chair. Certain claims outside the claims commission’s jurisdiction may be paid only after approval by the board’s principals.
United States — Tennessee
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The board is attached to the department of the treasury for administration, and the chair may appoint a treasury employee as board secretary.
United States — Tennessee
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The board of claims has powers over certain claims, insurance matters, and wrongful imprisonment compensation, but it is not required to investigate claims in some cases.
United States — Tennessee
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This section sets up a risk management fund, keeps year-end balances in the fund, directs how the money is invested and used, and assigns reporting and payment duties to state entities.
United States — Tennessee
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The state treasurer must administer a division of claims and risk management, and that division must serve as staff to the board of claims on casualty risk matters.
United States — Tennessee
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The state must compensate state employees for qualifying personal property loss, damage, or destruction, subject to listed exceptions and limits.