Public Funds and Financing - As enacted, requires the trust principal of the K-12 mental health endowment account to be reduced by $75,000,000 in the fiscal year ending June 30, 2024, and reallocated to the trust's K-12 mental health special reserve account. - Amends TCA Title 49, Chapter 3, Part 5.

This bill modifies how funds are managed within Tennessee's K-12 mental health endowment trust. Specifically, it requires that $75 million be moved from the main endowment account to a special reserve account for the fiscal year ending June 30, 2024. The legislation also updates the rules for how the Department of Mental Health and Substance Abuse Services plans spending and clarifies that trustees do not decide how the reserve funds are used. These changes affect the state's mental health funding structure by altering the balance between the primary endowment and the special reserve.