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---
type: "Bill"
title: "Public Funds and Financing - As enacted, specifies the powers that the state funding board may exercise with respect to the local government investment pool, including establishing limits, restrictions, or conditions on the acceptance of moneys into and the withdrawal of moneys from the fund and other various powers; makes other related revisions to the administration of the local government investment pool. - Amends TCA Title 9, Chapter 4."
description: "Public Funds and Financing - As enacted, specifies the powers that the state funding board may exercise with respect to the local government investment pool, including establishing limits, restrictions, or conditions on the acceptance of moneys into and the withdrawal of moneys from the fund and other various powers; makes other related revisions to the administration of the local government investment pool. - Amends TCA Title 9, Chapter 4."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 2122"
citation: "Tennessee SB 2122 (112)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Gardenhire", "Marsh"]
version_count: 1
action_count: 39
vote_count: 6
first_action: "2022-01-31"
last_action: "2022-04-25"
source: "openstates"
source_identifier: "ocd-bill/33d5e74f-ed6e-4018-b7eb-61e147dc00f2"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB2122&GA=112"
source_hash: "7f5357863c463db0464549e943edcb9da3ccb898a4aa12b675313d882a22c39c"
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 2122 (112) — Public Funds and Financing - As enacted, specifies the powers that the state funding board may exercise with respect to the local government investment pool, including establishing limits, restrictions, or conditions on the acceptance of moneys into and the withdrawal of moneys from the fund and other various powers; makes other related revisions to the administration of the local government investment pool. - Amends TCA Title 9, Chapter 4.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB2122.pdf)
## Votes
- FLOOR VOTE: Motion to Adopt 3/30/2022 Passed (1) — **310** (pass) · upper
- HOUSE LOCAL GOVERNMENT COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/8/2022 — **00** (pass) · lower
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/23/2022 Passed (2) — **80** (pass) · upper
- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/14/2022 Passed (1) — **930** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/14/2022 3/10/2022 (2) — **00** (fail) · lower
- HOUSE CITIES SUBCOMMITTEE: Rec. for pass by s/c ref. to Local Government Committee 2/22/2022 (3) — **00** (pass) · lower
## Sponsors
- Gardenhire — primary (person)
- Marsh — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2022-01-31** Filed for introduction `introduction, reading-1`
- **2022-01-31** Filed for introduction `introduction, reading-1`
- **2022-02-02** Introduced, Passed on First Consideration `introduction`
- **2022-02-02** Intro., P1C. `introduction`
- **2022-02-03** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2022-02-03** P2C, ref. to Local Government Committee `referral-committee`
- **2022-02-07** Assigned to s/c Cities & Counties Subcommittee `referral-committee`
- **2022-02-16** Placed on s/c cal Cities & Counties Subcommittee for 2/22/2022
- **2022-02-22** Rec. for pass by s/c ref. to Local Government Committee `committee-passage-favorable`
- **2022-02-23** Placed on cal. Local Government Committee for 3/1/2022
- **2022-03-01** Placed on Senate State and Local Government Committee calendar for 3/8/2022
- **2022-03-01** Action def. in Local Government Committee to 3/8/2022
- **2022-03-02** Placed on cal. Local Government Committee for 3/8/2022
- **2022-03-08** Action deferred in Senate State and Local Government Committee to 3/15/2022
- **2022-03-08** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2022-03-09** Placed on Senate State and Local Government Committee calendar for 3/15/2022
- **2022-03-09** Placed on cal. Calendar & Rules Committee for 3/10/2022
- **2022-03-10** H. Placed on Consent Calendar for 3/14/2022
- **2022-03-14** Sponsor(s) Added.
- **2022-03-14** Passed H., Ayes 93, Nays 0, PNV 0 `passage`
- **2022-03-15** Action deferred in Senate State and Local Government Committee to 3/22/2022
- **2022-03-15** Engrossed; ready for transmission to Sen.
- **2022-03-16** Placed on Senate State and Local Government Committee calendar for 3/22/2022
- **2022-03-17** Received from House, Passed on First Consideration `introduction`
- **2022-03-22** Placed on Senate State and Local Government Committee calendar for 3/23/2022
- **2022-03-22** Action deferred in Senate State and Local Government Committee to 3/23/2022
- **2022-03-23** Recommended for passage, refer to Senate Calendar Committee
- **2022-03-28** Placed on Senate Consent Calendar 2 for 3/30/2022
- **2022-03-30** Companion House Bill substituted
- **2022-03-30** Enrolled; ready for sig. of H. Speaker.
- **2022-03-30** Passed Senate, Ayes 31, Nays 0 `passage`
- **2022-03-30** Senate substituted House Bill for companion Senate Bill.
- **2022-04-04** Signed by H. Speaker
- **2022-04-05** Signed by Senate Speaker
- **2022-04-06** Transmitted to Governor for his action. `executive-receipt`
- **2022-04-14** Signed by Governor. `executive-signature`
- **2022-04-25** Comp. became Pub. Ch. 824
- **2022-04-25** Effective date(s) 04/14/2022
- **2022-04-25** Pub. Ch. 824
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/33d5e74f-ed6e-4018-b7eb-61e147dc00f2`. Confidence: reported (aggregated from official Tennessee legislature records).