Tennessee Code Title 4. State Government § 4-49-207

(a) There is created a fund to be known as the “fantasy sports fund”. All fees and penalties collected pursuant to this part and ten percent (10%) of the tax levied pursuant to the Fantasy Sports Tax Act, compiled in title 67, chapter 4, part 9, shall be deposited in the fantasy sports fund. Money in the fund shall be invested by the state treasurer in accordance with § 9-4-603. The fund shall be administered by the sports wagering advisory council.

(b) All costs of the sports wagering advisory council associated with the administration of this part shall be paid from the fund.

(c) If there is remaining any amount in the fantasy sports fund at the end of any fiscal year, ten percent (10%) of the remaining amount shall not revert to the general fund but shall remain available for the purposes set forth in subsection (b). Interest accruing on investments and deposits of the fund shall be credited to such account, shall not revert to the general fund, and shall be carried forward into each subsequent fiscal year.