Section 49-5-915 - Sinking fund - Purposes

The public school teachers' retirement fund held in trust by the board of trustees shall be known as the sinking fund of the public school teachers' retirement fund, and is created and held for the purposes and uses of supplementing any deficiencies that may occur in the fund or account in the hands or under the control of the public treasurer.Acts 1917, ch. 76, § 11; Shan., § 1469b15 (p. 6545); Shan. Supp., § 1469a15; Code 1932, § 2539; T.C.A. (orig. ed.), § 49-1615.