As used in this part:

(1) “Environmental, social, and governance interests” means interests that are not financial;
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Terms Used In Tennessee Code 9-4-1401

  • Oversight: Committee review of the activities of a Federal agency or program.
  • Program: means any of the following which are established by law and for which the state treasurer has, or has been delegated, investment authority, oversight, and responsibility:
    (A) A trust fund. See Tennessee Code 9-4-1401
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(2) “Financial”:

(A) Means, with regard to a factor or reason, having been prudently determined to have a material effect on the financial risk or the financial return of an investment for a program based on the appropriate investment horizon consistent with the program’s articulated funding and investment objectives for the exclusive benefit of the purposes of the program;
(B) Includes, but is not limited to, data-based economic decisions and forecasting based on financial trends or themes; and
(C) Does not include environmental, social, and governance interests that may not be material to the financial analysis of the investment; and
(3) “Program” means any of the following which are established by law and for which the state treasurer has, or has been delegated, investment authority, oversight, and responsibility:

(A) A trust fund;
(B) An endowment fund;
(C) Deferred or tax-sheltered compensation plan or plans, including profit sharing or salary reduction plans, established pursuant to title 8, chapter 25, parts 1, 2, and 3;
(D) Programs under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8; and
(E) Programs under The Achieving a Better Life Experience (ABLE) Act, compiled in title 71, chapter 4, part 8.
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