Tennessee § 49-4-206 - Investment and deposit of funds.
Full text of Tennessee Tennessee Code Annotated § 49-4-206 — Investment and deposit of funds., with citation guidance and answers to common questions.
§ 49-4-206. Investment and deposit of funds.
The Tennessee student assistance corporation is authorized and empowered to: 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 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. 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.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-4-206
What does Tennessee Code Annotated § 49-4-206 cover?
Section 49-4-206 ("Investment and deposit of funds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-4-206?
A common citation format is "Tennessee Code Annotated § 49-4-206" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-4-206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.