Senate Bill 2569, also known as House Bill 2326, amends Tennessee Code Annotated, Section 9-4-603, by adding a new subsection that mandates the allocation of a portion of the investment income from the state pooled investment fund. Specifically, the bill requires 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 legislative change aims to enhance funding for the state highway fund by ensuring a consistent revenue stream derived from the earnings of the pooled investment fund. The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the public welfare in relation to state infrastructure funding.

Statutes affected:
Introduced: 9-4-603