Tennessee Code Title 70. Wildlife Resources § 70-1-502

(b)(1) The trustees of the trust are:

(2) The state treasurer, or the treasurer's designee, shall serve as the chair of the trustees and shall preside over all meetings and proceedings of the trustees.

(1) To invest any funds of the trust in any instrument, obligation, security, or property that constitutes legal investments, as provided in the investment policy adopted pursuant to § 70-1-504(a);

(2) To contract for the provision of all or any part of the services necessary for the management and operation of the trust;

(3) To contract with financial consultants, auditors, and other consultants as necessary to carry out its responsibilities under this part; and

(4) To prepare financial reports, including financial statements, following the close of each fiscal year relative to the activities of the trust. The statements and reports must be prepared in accordance with the accounting standards of the governmental accounting standards board.