Tennessee SB2569 mandates the treasurer to allocate 10% of the state pooled investment fund's annual earnings to the state highway fund by June 30.
Tennessee SB2569 amends Tennessee Code Annotated, Section 9-4-603, by introducing a new subsection requiring the treasurer to allocate and deposit 10% of the investment income earned by the state pooled investment fund into the state highway fund annually by June 30. This allocation is mandatory regardless of other laws or provisions. The act becomes effective upon becoming law, as deemed necessary for public welfare.
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