Revolving Account Established for Administrative Costs — Administrative Fees

  1. Law
  2. Tennessee Code
  3. Education
  4. Postsecondary and Higher Education Generally
  5. Higher Education Foundation Investment Pool
  6. Revolving Account Established for Administrative Costs — Administrative Fees

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The state treasurer shall establish a revolving account, under the state treasurer's custody, to defray administrative costs of the investment pool. The state treasurer may deduct from each participant's pro rata earnings through the investment pool a reasonable charge for administering the investment pool. In the event that the state treasurer does deduct an administrative fee, it shall be deposited and expended through the revolving account.


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