Tennessee Statutes
§ 49-5-913 — Management and investment of fund
Tennessee·Title 49
(a)The board shall manage, lend, maintain, keep or deposit such funds for the benefit and uses of the public school teachers' retirement fund.
(b)The board shall receive all moneys from donations, legacies, gifts, bequests, and any surplus that may remain at the end of any fiscal year, from the sum or sums contributed and paid by both the teachers and by the school boards.
(c)The fund shall be invested in solvent and approved interest-bearing securities or well-secured mortgages or municipal bonds.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 49-5-913 (Management and investment of fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1917, ch. 76, § 11; Shan., § 1469b11 (p. 6545); Shan. Supp., § 1469a11; Code 1932, § 2535; T.C.A. (orig. ed.), § 49-1613.
Nearby Sections
15
§ 49-1-1001
Short title§ 49-1-1002
Guidelines and standards - Requirements§ 49-1-1004
§ 49-1-1004§ 49-1-1006
§ 49-1-1006§ 49-1-1007
Report - Publication§ 49-1-1008
§ 49-1-1008§ 49-1-101
System established§ 49-1-102
Administration generally§ 49-1-103
Title definitions§ 49-1-106
Best practices clearinghouse