Giving of security

All state funds held in state depositories shall be secured by required collateral as provided in § 9-4-404 , except for funds on deposit in the name of the state with a federal reserve bank. Amended by 2017 Tenn. Acts, ch. 65,s 2, eff. 3/31/2017. Acts 1985, ch. 118, § 33. All state funds held in state depositories shall be secured by required collateral as provided in § 9-4-404 , except for funds on deposit in the name of the state with a federal reserve bank. Amended by 2017 Tenn. Acts, ch. 65,s 2, eff. 3/31/2017. Acts 1985, ch. 118, § 33.