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.

SB 1690 allows Tennessee school districts to create their own pooled investment funds for unspent public money, directly affecting all public school districts in the state. The bill requires school districts to establish these pools through written agreements that include investment policies following state guidelines, and mandates filing these agreements with the state comptroller. School districts must also submit to comptroller audits and follow specific procedures for other districts joining the pool. This change aligns school district investment practices with existing local government pool rules, aiming to better manage idle funds without requiring new tax revenue.