Tennessee Code Title 49. Education § 49-3-358

(a) There is established within the education trust fund of 1992, created by this part, a special revenue account to be known as the basic education program (BEP) account.

(b) All appropriations from the education trust fund of 1992, and such other appropriations as may be provided by law, will be credited to the BEP account.  The appropriations will be credited to the account on the fifteenth day of the second month of each quarter or on such other schedule approved by the commissioners of education and finance and administration.

(c) The principal and interest of the BEP account, and any part of the BEP account, will be subject to payment under this chapter.  The commissioner shall administer the BEP account and is authorized to make disbursements from the account in accordance with § 9-4-601.

(d) Money in the BEP account shall be invested by the state treasurer for the benefit of the account pursuant to § 9-4-603.  Interest accruing on investments and deposits to the account shall be returned to the account and become part of the account.

(e) Any unencumbered funds or any unexpended balance of the BEP account remaining at the end of any fiscal year shall not revert to the general fund of the state or the education trust fund of 1992, but shall be carried forward until expended in accordance with this chapter.

(f) All state funds available to any LEA that exceed the amount of state funds provided for public education in each respective LEA in the 1991-1992 fiscal year shall be exempt from the trustee's commission authorized by § 8-11-110.