Tennessee Senate Bill SB2569

Tennessee 2025-2026 Regular Session

• Introduced: 2/2/26

Caption

AN ACT to amend Tennessee Code Annotated, Section 9-4-603, relative to earnings of the state pooled investment fund.

Summary

SB2569 amends Tennessee law governing the state pooled investment fund by requiring the state treasurer to transfer a portion of the fund’s earnings to the state highway fund. Specifically, the bill directs that, by June 30 of each year, 10% of the investment income earned by the pooled investment fund during that fiscal year must be allocated and deposited into the state highway fund. The measure is a revenue-allocation bill rather than a broad tax or spending overhaul. It changes how a portion of investment earnings managed by the state are distributed, creating a dedicated annual transfer to support highway-related funding needs. The bill takes effect immediately upon becoming law.

Impact

The bill amends Tennessee Code Annotated Section 9-4-603 by adding a new subsection that overrides conflicting law and requires the treasurer to divert 10% of annual pooled investment fund income to the state highway fund. This affects the management and distribution of state investment earnings, reduces the share of those earnings otherwise retained or distributed under existing law, and provides a recurring funding source for transportation infrastructure.

Sentiment

No committee transcripts or recorded votes were provided, so there is no direct evidence of debate, support, or opposition in the available materials. Based on the text alone, the bill appears straightforward and administrative in nature, with a clear fiscal purpose of directing investment income toward highway funding.

Contention

The main potential point of contention is the diversion of pooled investment fund earnings away from other uses and into the highway fund, which could affect general state finances or competing priorities. However, because no discussion transcripts or vote history are available, no specific objections or supporters can be identified from the record provided.