Tennessee HB0439 establishes procedures for the purchase, sale, and custody of precious metal bullion and specie by the state treasurer.
Tennessee HB0439 amends Tennessee Code Annotated, Title 9, to establish procedures for the purchase, sale, and custody of precious metal bullion and specie by the state treasurer. The bill creates a restricted account within the reserve for revenue fluctuations account for these transactions. It mandates that precious metal bullion and specie be securely custodied by the state treasurer in a financial institution or designated entity.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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