Tennessee HB0440 establishes a state mint to produce bullion products for sale to residents and investors.

Tennessee HB0440 amends Tennessee Code to create a state mint, called the Tennessee Mint, for producing bullion products. The state treasurer will enter into an agreement with an eligible entity to carry out covered activities, including construction and maintenance of the facility. The Tennessee Mint will produce bullion products in uniform shapes and ship them to state depositories. The act also includes provisions for severability and takes effect July 1, 2025.

Tennessee HB0440 establishes a state mint to produce bullion products for sale to residents and investors.

Tennessee HB0440 amends Tennessee Code to create a state mint, called the Tennessee Mint, for producing bullion products. The state treasurer will enter into an agreement with an eligible entity to carry out covered activities, including construction and maintenance of the facility. The Tennessee Mint will produce bullion products in uniform shapes and ship them to state depositories. The act also includes provisions for severability and takes effect July 1, 2025.