Statutes > Tennessee Statutes > Title 9 - Public Finances > Chapter 4 - State Funds, State Budget and Appropriations > Part 7 - Local Government Investment Pool > 9-4-701 - Purpose and findings.

9-4-701 - Purpose and findings.

9-4-701. Purpose and findings.

The purpose of this part is to enable public entities in Tennessee to participate together in providing maximum opportunities for the investment of idle public funds. The general assembly finds and declares that the public interest is satisfied by providing maximum investment of idle funds, thereby reducing the need for imposing additional taxes.

[Acts 1985, ch. 118, § 48.]