Public Funds and Financing - As introduced, enacts "The Mint Act," which establishes a precious metals enterprise fund to be administered by the state treasurer for the purpose of acquiring, converting, storing, and selling bullion and specie. - Amends TCA Title 9, Chapter 4.

Summary

The bill sets up a new enterprise fund within the Tennessee Treasury to purchase gold and silver bullion, have it turned into coins or bars, keep most as a reserve and sell a small portion. It tasks the state treasurer with managing the fund, hiring an in‑state converter, and reporting annually. The goal is to give the state a hedge against inflation and generate modest revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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