Tennessee § 9-9-110 Investment of cash not immediately required

Tennessee Statutes

§ 9-9-110 — Investment of cash not immediately required

Tennessee § 9-9-110

Title9

This text of Tennessee § 9-9-110 (Investment of cash not immediately required) 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. § 9-9-110 (2026).

Text

Cash in the hands of the state funding board not immediately required for the payment of the principal of or interest on outstanding obligations of the state and held as provided by § 9-9-108 may be invested, in the board's discretion, in general obligation debt of the state of Tennessee or in any other obligations which are legal for the investment of funds of the state of Tennessee, with such yield and maturity as determined by the board after consultation with the state treasurer.

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Cash in the hands of the state funding board not immediately required for the payment of the principal of or interest on outstanding obligations of the state and held as provided by § 9-9-108 may be invested, in the board's discretion, in general obligation debt of the state of Tennessee or in any other obligations which are legal for the investment of funds of the state of Tennessee, with such yield and maturity as determined by the board after consultation with the state treasurer.

Legislative History

Acts 1937, ch. 165, § 11 (Williams, § 1811.22); impl. am. Acts 1959, ch. 9, § 8; Acts 1977, ch. 3, § 2; T.C.A. (orig. ed.), § 9-911; Acts 1985, ch. 118, § 67; 2000, ch. 598, § 2.