Establishes a state mint to produce bullion products and secures contracts with eligible entities.
Amends Tennessee Code to establish a state mint for producing bullion products. The state treasurer must enter into an agreement with an eligible entity to carry out covered activities, such as construction and maintenance of facilities, and designate it as the state mint. The act also requires promulgating rules for the state mint's operations. Eligible entities must have previous or current contracts with the federal government and other governmental entities to produce coinage products. The act takes effect July 1, 2025.
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