Tenn. Code Ann. § 8-37-105: Powers of fund trustees

Subject to the limitations in § 8-37-104 , the board, or its nominee, has full power to hold, purchase, sell, assign, transfer, or dispose of any of the securities or investments in which the funds created herein have been invested, including the purchasing and selling of stock options, as well as of the proceeds of such investments and any moneys belonging to such funds.