(a) Any other law to the contrary notwithstanding, the board of trustees shall have the authority to employ outside investment counsel for advisory services.

Terms Used In Tennessee Code 8-37-111

  • board: means the board provided for in part 3 of this chapter. See Tennessee Code 8-34-101
  • Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
(b) The expenses of the fees charged by such investment counsel and any expense incurred under the authority of title 9, chapter 4, part 4, relative to the safekeeping and servicing of retirement system securities shall be charged to and paid from the earnings of the funds.
  Previous section
Next section  
 Part 1 Contents