TN HB1794

School districts may establish one or more investment pools for school district funds through written agreement, as an alternative to or in addition to the state's local government investment pool

Establishing school districts or their designated board of directors may exercise the same investment powers as the state treasurer and state funding board regarding pool management

Investment policies must be consistent with state investment guidelines under § 9-4-602 unless the state funding board approves an alternative policy

Written agreements and investment policies must be filed with the comptroller of the treasury, and all school district pools are subject to comptroller audit and review

Other school districts may join established pools through an application process, while founding districts automatically participate as signatories to the agreement