{"data":{"id":"us-tn/tenn.-code-ann.-9-4-1401","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 9-4-1401","heading":"Part definitions","body":"As used in this part: (1) \"Environmental, social, and governance interests\" means interests that are not financial; (2) \"Financial\": (A) Means, with regard to a factor or reason, having been prudently determined to have a material effect on the financial risk or the financial return of an investment for a program based on the appropriate investment horizon consistent with the program's articulated funding and investment objectives for the exclusive benefit of the purposes of the program; (B) Includes, but is not limited to, data-based economic decisions and forecasting based on financial trends or themes; and (C) Does not include environmental, social, and governance interests that may not be material to the financial analysis of the investment; and (3) \"Program\" means any of the following which are established by law and for which the state treasurer has, or has been delegated, investment authority, oversight, and responsibility: (A) A trust fund; (B) An endowment fund; (C) Deferred or tax-sheltered compensation plan or plans, including profit sharing or salary reduction plans, established pursuant to title 8, chapter 25, parts 1, 2, and 3; (D) Programs under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8; and (E) Programs under The Achieving a Better Life Experience (ABLE) Act, compiled in title 71, chapter 4, part 8. Added by 2023 Tenn. Acts, ch. 471, s 1, eff. 5/17/2023.\nAs used in this part:\n(1) \"Environmental, social, and governance interests\" means interests that are not financial;\n(2) \"Financial\": (A) Means, with regard to a factor or reason, having been prudently determined to have a material effect on the financial risk or the financial return of an investment for a program based on the appropriate investment horizon consistent with the program's articulated funding and investment objectives for the exclusive benefit of the purposes of the program; (B) Includes, but is not limited to, data-based economic decisions and forecasting based on financial trends or themes; and (C) Does not include environmental, social, and governance interests that may not be material to the financial analysis of the investment; and\n(A) Means, with regard to a factor or reason, having been prudently determined to have a material effect on the financial risk or the financial return of an investment for a program based on the appropriate investment horizon consistent with the program's articulated funding and investment objectives for the exclusive benefit of the purposes of the program;\n(B) Includes, but is not limited to, data-based economic decisions and forecasting based on financial trends or themes; and\n(C) Does not include environmental, social, and governance interests that may not be material to the financial analysis of the investment; and\n(3) \"Program\" means any of the following which are established by law and for which the state treasurer has, or has been delegated, investment authority, oversight, and responsibility: (A) A trust fund; (B) An endowment fund; (C) Deferred or tax-sheltered compensation plan or plans, including profit sharing or salary reduction plans, established pursuant to title 8, chapter 25, parts 1, 2, and 3; (D) Programs under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8; and (E) Programs under The Achieving a Better Life Experience (ABLE) Act, compiled in title 71, chapter 4, part 8.\n(A) A trust fund;\n(B) An endowment fund;\n(C) Deferred or tax-sheltered compensation plan or plans, including profit sharing or salary reduction plans, established pursuant to title 8, chapter 25, parts 1, 2, and 3;\n(D) Programs under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8; and\n(E) Programs under The Achieving a Better Life Experience (ABLE) Act, compiled in title 71, chapter 4, part 8.","path":["TN Code","Title 9","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":"1113cd764df86cc5454ba9333d5c03b2975ae178320466777d312e70912d6257","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-9-4-1305","next":"us-tn/tenn.-code-ann.-9-4-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}