Tennessee § 9-4-1402 Treasury investment division staff - Investment of program assets

Tennessee Statutes

§ 9-4-1402 — Treasury investment division staff - Investment of program assets

Tennessee § 9-4-1402

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This text of Tennessee § 9-4-1402 (Treasury investment division staff - Investment of program assets) 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. § 9-4-1402 (2026).

Text

Consistent with the prudent investor rule pursuant to § 35-14-103 , the standard of care pursuant to § 35-14-104 , and the exercise of reasonable care in delegation of investment and management functions pursuant to § 35-14-111 and § 8-37-112 , the department of treasury investment division staff, under the supervision of the state treasurer, shall invest, reinvest, manage, and select investment options for program assets for financial reasons for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value.

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Consistent with the prudent investor rule pursuant to § 35-14-103 , the standard of care pursuant to § 35-14-104 , and the exercise of reasonable care in delegation of investment and management functions pursuant to § 35-14-111 and § 8-37-112 , the department of treasury investment division staff, under the supervision of the state treasurer, shall invest, reinvest, manage, and select investment options for program assets for financial reasons for the exclusive benefit of the beneficiaries of the programs while maximizing long-term shareholder value.