Tennessee § 49-7-1405 Revolving account established for administrative costs - Administrative fees

Tennessee Statutes

§ 49-7-1405 — Revolving account established for administrative costs - Administrative fees

Tennessee § 49-7-1405

Title49

This text of Tennessee § 49-7-1405 (Revolving account established for administrative costs - Administrative fees) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 49-7-1405 (2026).

Text

The state treasurer shall establish a revolving account, under the state treasurer's custody, to defray administrative costs of the investment pool. The state treasurer may deduct from each participant's pro rata earnings through the investment pool a reasonable charge for administering the investment pool. In the event that the state treasurer does deduct an administrative fee, it shall be deposited and expended through the revolving account.

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The state treasurer shall establish a revolving account, under the state treasurer's custody, to defray administrative costs of the investment pool. The state treasurer may deduct from each participant's pro rata earnings through the investment pool a reasonable charge for administering the investment pool. In the event that the state treasurer does deduct an administrative fee, it shall be deposited and expended through the revolving account.