Tennessee § 49-7-820 - Actuarial soundness of funds.
Full text of Tennessee Tennessee Code Annotated § 49-7-820 — Actuarial soundness of funds., with citation guidance and answers to common questions.
§ 49-7-820. Actuarial soundness of funds.
The board shall obtain appropriate actuarial assistance to establish, and maintain, and certify a fund sufficient to defray the obligation of the educational services plan. The actuary shall recommend to the board, and the board shall adopt, actuarial assumptions and appropriate actuarial tables for use in all calculations in connection with such plan. At least once in each six-year period, the actuary shall make an actuarial investigation into the assumptions and tables used in the educational services plan, and taking into account the results of the investigation, the board shall adopt for the plan the actuarial assumptions and tables that are deemed necessary. The board of trustees shall keep in convenient form data necessary for actuarial valuation of the fund and for checking the experience of such plan. On the basis of the tables and assumptions the board of trustees adopts, the actuary shall make a valuation, at least once a year, of the assets and liabilities of the educational services program trust funds. Acts 1996, ch. 991, § 1; T.C.A., § 49-7-818 ; Acts 1999, ch. 233, §§ 31, 32; 2014, ch. 910, § 22. Compiler's Notes. Former § 49-7-820 , concerning exemption of assets and benefits from taxation, execution, garnishment and assignment, was transferred to § 49-7-822 in 1999.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-7-820
What does Tennessee Code Annotated § 49-7-820 cover?
Section 49-7-820 ("Actuarial soundness 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 § 49-7-820?
A common citation format is "Tennessee Code Annotated § 49-7-820" (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 § 49-7-820 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.