Amends TCA Title 9.
Tennessee HB0439 establishes a restricted account within the state treasury's reserve account for the purchase and sale of precious metal bullion and specie, allowing the state treasurer to invest in these assets with the comptroller's approval. It affects the state's investment strategy and procurement processes, enabling the state to securely manage and invest in precious metals while maintaining confidentiality around related records. Key provisions include the creation of legal tender status for gold and silver coins and the ability for the state to accept these coins for tax and fee payments, though acceptance is not mandatory.
Tennessee HB0439 establishes a restricted account within the state treasury's reserve account for the purchase and sale of precious metal bullion and specie, allowing the state treasurer to invest in these assets with the comptroller's approval. It affects the state's investment strategy and procurement processes, enabling the state to securely manage and invest in precious metals while maintaining confidentiality around related records. Key provisions include the creation of legal tender status for gold and silver coins and the ability for the state to accept these coins for tax and fee payments, though acceptance is not mandatory.
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Hulsey, Bud
114th General Assembly
January 28, 2025
April 9, 2025
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025