HB1858 - Tennessee: County Government

Companion Bill SB0235. County Government - Authorizes additional investments for funds of counties. - Amends TCA Title 5, Chapter 8. Fiscal Summary for HB1858 / *SB0235Other Fiscal Impact - This bill could result in a significant change in local government revenues. The investments authorized by the bill inherently carry more risk than those currently available. More risk in an investment generally means a potentially greater return balanced by a potentially greater loss. Such loss could potentially include not just lower returns, but also a loss of principal. It is difficult to predict the outcome of such investments due to the uncertainty of financial markets. However, the change in returns can reasonably be estimated to be millions of dollars. Bill Summary for HB1858 / *SB0235 This bill makes various changes and additions to present law regarding [...]

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