republic-os/legislation/us/states/tn/111/sb-2880.md

---
type: "Bill"
title: "Public Funds and Financing - As enacted, authorizes the state treasurer to enter into agreements with any federal reserve bank, instead of a federal reserve member bank or trust company located in Tennessee, for the purpose of transferring public funds and funds of the Tennessee consolidated retirement system through the facilities of the federal reserve banking system. - Amends TCA Section 9-4-308."
description: "Public Funds and Financing - As enacted, authorizes the state treasurer to enter into agreements with any federal reserve bank, instead of a federal reserve member bank or trust company located in Tennessee, for the purpose of transferring public funds and funds of the Tennessee consolidated retirement system through the facilities of the federal reserve banking system. - Amends TCA Section 9-4-308."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "111"
identifier: "SB 2880"
citation: "Tennessee SB 2880 (111)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Bailey", "Travis"]
version_count: 1
action_count: 33
vote_count: 7
first_action: "2020-01-30"
last_action: "2020-07-02"
source: "openstates"
source_identifier: "ocd-bill/f8b25b44-ddf1-441f-99b7-647f75028822"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2880&GA=111"
source_hash: "8a2be21b0191933b6c6a0045a26c7c35fcf151fad1b8f7ab975adbd2065b3456"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 2880 (111) — Public Funds and Financing - As enacted, authorizes the state treasurer to enter into agreements with any federal reserve bank, instead of a federal reserve member bank or trust company located in Tennessee, for the purpose of transferring public funds and funds of the Tennessee consolidated retirement system through the facilities of the federal reserve banking system. - Amends TCA Section 9-4-308.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/111/Bill/SB2880.pdf)

## Votes

- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 6/8/2020 Passed (2) — **94–0** (pass) · lower
- FLOOR VOTE: Motion to Adopt 2/27/2020 Passed (1) — **32–0** (pass) · upper
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 6/2/2020 (4) — **0–0** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 6/8/2020 6/4/2020 (3) — **0–0** (fail) · lower
- SENATE FINANCE, WAYS AND MEANS COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/25/2020 Passed (2) — **7–0** (pass) · upper
- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 6/8/2020 Passed (1) — **94–0** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/11/2020 (5) — **0–0** (pass) · lower

## Sponsors

- Bailey — primary (person)
- Travis — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-30** Filed for introduction `reading-1, introduction`
- **2020-02-03** Intro., P1C. `introduction`
- **2020-02-05** Assigned to s/c Finance, Ways, and Means Subcommittee `referral-committee`
- **2020-02-05** P2C, ref. to Finance, Ways, and Means Committee `referral-committee`
- **2020-02-06** Introduced, Passed on First Consideration `introduction`
- **2020-02-06** Filed for introduction `reading-1, introduction`
- **2020-02-10** Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
- **2020-02-18** Placed on Senate Finance, Ways, and Means Committee calendar for 2/25/2020
- **2020-02-25** Placed on Senate Consent Calendar 2 for 2/27/2020
- **2020-02-25** Recommended for passage, refer to Senate Calendar Committee
- **2020-02-26** Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/4/2020
- **2020-02-27** Engrossed; ready for transmission to House
- **2020-02-27** Passed Senate, Ayes 32, Nays 0 `passage`
- **2020-03-02** Rcvd. from S., held on H. desk.
- **2020-03-04** Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/11/2020
- **2020-03-04** Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/11/2020
- **2020-03-11** Placed on cal. Finance, Ways, and Means Committee for 3/17/2020
- **2020-03-11** Rec. for pass by s/c ref. to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2020-03-17** Meeting Canceled
- **2020-05-27** Placed on cal. Finance, Ways, and Means Committee for 6/2/2020
- **2020-06-02** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2020-06-03** Placed on cal. Calendar & Rules Committee for 6/4/2020
- **2020-06-04** H. Placed on Consent Calendar for 6/8/2020
- **2020-06-08** Passed H., Ayes 94, Nays 0, PNV 0 `passage`
- **2020-06-08** Subst. for comp. HB.
- **2020-06-08** Comp. SB subst.
- **2020-06-10** Enrolled and ready for signatures
- **2020-06-11** Transmitted to Governor for action.
- **2020-06-11** Signed by H. Speaker
- **2020-06-22** Signed by Governor. `executive-signature`
- **2020-07-02** Pub. Ch. 755
- **2020-07-02** Effective date(s) 06/22/2020
- **2020-07-02** Comp. became Pub. Ch. 755

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f8b25b44-ddf1-441f-99b7-647f75028822`. Confidence: reported (aggregated from official Tennessee legislature records).