Public Funds and Financing - As introduced, authorizes school districts to establish fund pools for the investment of school district funds. - Amends TCA Title 9 and Title 49.

HB 1794 allows Tennessee school districts to create their own investment pools for managing idle funds, directly affecting public school districts (as defined in TCA §49-1-103). The bill amends state code to permit school districts to establish these pools through written agreements, authorizing them to manage investments using powers similar to the state treasurer’s, while requiring written investment policies consistent with state guidelines. All pool agreements must be filed with the comptroller of the treasury and are subject to audit, ensuring oversight while enabling districts to potentially earn returns on unused funds. This builds on existing local government investment pools but specifically extends the mechanism to school districts, aiming to reduce reliance on additional taxes through better fund management.