Public Funds and Financing - As enacted, authorizes a department, institution, office, or agency of the state to enter into an agreement with a third party to collect state funds on its behalf under which the third party is permitted to deduct its service fee from the funds collected prior to deposit when such agreement is approved in accordance with present law governing procurement; requires the chief procurement officer to file an annual report listing such approved contracts with the chairs of the finance, ways and means committees of the house and senate. - Amends TCA Section 9-4-301.