SB0167In Committee

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.

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Overview

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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Sponsor

Bailey, Paul

Details
Session

114th General Assembly

Introduced

January 15, 2025

Last Action

April 22, 2025

Assigned to General Subcommittee of Senate Finance, Ways & Means Committee

Subjects
Treasurer, StatePublic Funds and Financing

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