Amends TCA Title 9, Chapter 4.
Tennessee SB0167 requires the state treasurer to enter into an agreement with an eligible entity to establish and operate a state mint, which will produce bullion products and fulfill orders from the state. The bill defines "eligible entity" as a manufacturer with a long history of producing coinage products and outlines the necessary capital improvements and operational activities required for the mint's establishment. Key provisions include the designation of the entity as the state mint upon completion of covered activities and the authority for the treasurer to promulgate rules for its operation.
Tennessee SB0167 requires the state treasurer to enter into an agreement with an eligible entity to establish and operate a state mint, which will produce bullion products and fulfill orders from the state. The bill defines "eligible entity" as a manufacturer with a long history of producing coinage products and outlines the necessary capital improvements and operational activities required for the mint's establishment. Key provisions include the designation of the entity as the state mint upon completion of covered activities and the authority for the treasurer to promulgate rules for its operation.
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