Tennessee HB2326 mandates the treasurer to allocate 10% of the state pooled investment fund's annual earnings to the state highway fund by June 30.

Tennessee HB2326 amends Tennessee Code Annotated, Section 9-4-603, to require the treasurer to allocate and deposit 10% of the investment income earned by the state pooled investment fund each fiscal year into the state highway fund by June 30. This allocation takes precedence over any other law to the contrary. The act becomes effective upon becoming law.

Tennessee HB2326 mandates the treasurer to allocate 10% of the state pooled investment fund's annual earnings to the state highway fund by June 30.

Tennessee HB2326 amends Tennessee Code Annotated, Section 9-4-603, to require the treasurer to allocate and deposit 10% of the investment income earned by the state pooled investment fund each fiscal year into the state highway fund by June 30. This allocation takes precedence over any other law to the contrary. The act becomes effective upon becoming law.