{"data":{"id":"us-tn/tenn.-code-ann.-49-4-206","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 49-4-206","heading":"Investment and deposit of funds","body":"(a) The Tennessee student assistance corporation is authorized and empowered to: (1) Invest and reinvest any funds of the corporation in treasury notes, bonds or other securities of the United States, or bonds of this state; and (2) Deposit on interest any funds of the corporation in a bank or banks in this state, in which bank or banks the deposits are guaranteed by the federal deposit insurance corporation or collateralized in compliance with § 9-4-105 , applicable to deposits of public funds. (b) Any interest or other earnings received by the corporation shall be added to and shall be made a part of the funds and assets of the corporation. Acts 1974, ch. 620, § 22; T.C.A., §§ 49-5022, 49-50-120.\n(a) The Tennessee student assistance corporation is authorized and empowered to: (1) Invest and reinvest any funds of the corporation in treasury notes, bonds or other securities of the United States, or bonds of this state; and (2) Deposit on interest any funds of the corporation in a bank or banks in this state, in which bank or banks the deposits are guaranteed by the federal deposit insurance corporation or collateralized in compliance with § 9-4-105 , applicable to deposits of public funds.\n(1) Invest and reinvest any funds of the corporation in treasury notes, bonds or other securities of the United States, or bonds of this state; and\n(2) Deposit on interest any funds of the corporation in a bank or banks in this state, in which bank or banks the deposits are guaranteed by the federal deposit insurance corporation or collateralized in compliance with § 9-4-105 , applicable to deposits of public funds.\n(b) Any interest or other earnings received by the corporation shall be added to and shall be made a part of the funds and assets of the corporation.","path":["TN Code","Title 49","Chapter 4"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"22b3689a7ed2a7db115e2e2e80b5dc0876af8de328b2c123ece0f47c43587e52","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-49-4-205","next":"us-tn/tenn.-code-ann.-49-4-207"},"notice":"GroundRules: Original legal text. Not legal advice."}