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2023 Tennessee Code
Title 49 - EDUCATION (§§ 49-1-NEW — 49-50-1703)
Chapter 7 - POSTSECONDARY AND HIGHER EDUCATION GENERALLY (§§ 49-7-NEW — 49-7-3003)
Part 8 - THE TENNESSEE BACCALAUREATE EDUCATION SYSTEM TRUST ACT (§§ 49-7-801 — 49-7-826)
Section 49-7-813 - Custodian of funds - Disbursements
Universal Citation:
TN Code § 49-7-813 (2023)
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The state treasurer shall be the custodian of the trust funds, and the facilities and employees of the state treasurer shall be used and employed in the administration of the funds, including, but not limited to, the keeping of records, the management of bank accounts and other investments, the transfer of funds and the safekeeping of securities evidencing investments and may delegate or subcontract any or all such functions to any entity that the state treasurer deems qualified for such purpose when the state treasurer determines such delegation to be necessary or desirable.
Amended by 2014 Tenn. Acts, ch. 910,s 20, eff. 5/13/2014.
Acts 1996, ch. 991, § 1; T.C.A., § 49-7-811; Acts 1999, ch. 233, § 22.
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