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SB1508 • 2026

Sunset Laws

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 29 and Title 9, Chapter 4, Part 5, relative to the collateral pool board.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Jackson, Lafferty
Last action
2026-03-16
Official status
Effective date(s) 03/06/2026
Effective date
Not listed

Plain English Breakdown

The official source material does not specify changes to Title 9, Chapter 4, Part 5 beyond adding a reference to the collateral pool board.

Sunset Laws Extension

This bill extends the existence of the collateral pool board until June 30, 2031.

What This Bill Does

  • Removes a specific part from Tennessee Code Annotated Section 4-29-247(a).
  • Adds a new section to Tennessee Code Annotated Section 4-29-252(a) that includes the collateral pool board.

Who It Names or Affects

  • The state government agencies involved with the collateral pool board.

Terms To Know

Collateral Pool Board
A group created by law to manage certain financial assets or resources for the state of Tennessee.

Limits and Unknowns

  • The bill does not provide details on how the board operates or its specific responsibilities.
  • It is unclear what happens after June 30, 2031 without further legislation.

Bill History

  1. 2026-03-16 Tennessee General Assembly

    Effective date(s) 03/06/2026

  2. 2026-03-16 Tennessee General Assembly

    Pub. Ch. 556

  3. 2026-03-16 Tennessee General Assembly

    Comp. became Pub. Ch. 556

  4. 2026-03-06 Tennessee General Assembly

    Signed by Governor.

  5. 2026-02-25 Tennessee General Assembly

    Transmitted to Governor for action.

  6. 2026-02-24 Tennessee General Assembly

    Signed by H. Speaker

  7. 2026-02-23 Tennessee General Assembly

    Signed by Senate Speaker

  8. 2026-02-19 Tennessee General Assembly

    Enrolled and ready for signatures

  9. 2026-02-19 Tennessee General Assembly

    Passed H., Ayes 94, Nays 0, PNV 0

  10. 2026-02-19 Tennessee General Assembly

    Subst. for comp. HB.

  11. 2026-02-19 Tennessee General Assembly

    Comp. SB subst.

  12. 2026-02-12 Tennessee General Assembly

    Rcvd. from S., held on H. desk.

  13. 2026-02-12 Tennessee General Assembly

    H. Placed on Consent Calendar for 2/19/2026

  14. 2026-02-11 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 2/12/2026

  15. 2026-02-09 Tennessee General Assembly

    Engrossed; ready for transmission to House

  16. 2026-02-09 Tennessee General Assembly

    Passed Senate, Ayes 32, Nays 0

  17. 2026-02-06 Tennessee General Assembly

    Placed on Senate Consent Calendar 2 for 2/9/2026

  18. 2026-02-04 Tennessee General Assembly

    Recommended for passage, refer to Senate Calendar Committee

  19. 2026-02-02 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  20. 2026-01-28 Tennessee General Assembly

    Placed on Senate Government Operations Committee calendar for 2/4/2026

  21. 2026-01-28 Tennessee General Assembly

    Placed on cal. Government Operations Committee for 2/2/2026

  22. 2026-01-21 Tennessee General Assembly

    Placed on Senate Government Operations Committee calendar for 1/28/2026

  23. 2026-01-21 Tennessee General Assembly

    P2C, ref. to Government Operations Committee

  24. 2026-01-15 Tennessee General Assembly

    Intro., P1C.

  25. 2026-01-14 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Government Operations Committee

  26. 2026-01-13 Tennessee General Assembly

    Introduced, Passed on First Consideration

  27. 2026-01-13 Tennessee General Assembly

    Filed for introduction

  28. 2026-01-07 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 1567
By Lafferty

SENATE BILL 1508
By Jackson
SB1508
010065
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4,
Chapter 29 and Title 9, Chapter 4, Part 5, relative
to the collateral pool board.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 4-29-247(a), is amended by deleting
subdivision (13).
SECTION 2. Tennessee Code Annotated, Section 4-29-252(a), is amended by inserting
the following as a new subdivision:
( ) Collateral pool board, created by § 9-4-506;
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.