House Bill 2326 amends Tennessee Code Annotated, Section 9-4-603, by adding a new subsection that mandates the state treasurer to allocate and deposit ten percent (10%) of the investment income earned by the pooled investment fund into the state highway fund by June 30 of each year. This provision ensures a consistent funding source for the highway fund, which is crucial for maintaining and improving the state's transportation infrastructure.

The bill emphasizes the importance of the pooled investment fund's earnings in supporting state infrastructure projects, thereby enhancing the financial resources available for highway maintenance and development. The act is set to take effect upon becoming law, reflecting the urgency of addressing the state's transportation needs.

Statutes affected:
Introduced: 9-4-603