Tennessee Code Title 54. Highways, Bridges and Ferries § 54-8-109

All moneys received by the authority pursuant to this chapter, whether as proceeds from the sale of bonds or as revenues, are deemed to be trust funds to be held and applied solely as provided in this chapter.  The resolution authorizing the bonds of any issue or the trust indenture or agreement or resolution securing such bonds must provide that any officer with whom, or any bank or trust company with which, such moneys are deposited must act as a trustee of the moneys and must hold and apply the same for the purposes hereof, subject to such regulations as this chapter and such trust indenture or agreement or resolution may provide.