Tennessee SB0167 establishes a state mint to produce bullion products and manage gold and precious metal bullion sales.

Tennessee SB0167 amends Tennessee Code to establish a state mint for producing bullion products and managing gold and precious metal bullion sales. The state treasurer is tasked with entering into an agreement with an eligible entity to carry out covered activities, such as capital improvements and maintenance, to serve as the state mint. The act also requires the treasurer to promulgate rules for the mint's operations. The state mint will produce bullion products in uniform shapes, including rounds, bars, and commemorative pieces, and will securely store, process, and ship these products.

Tennessee SB0167 establishes a state mint to produce bullion products and manage gold and precious metal bullion sales.

Tennessee SB0167 amends Tennessee Code to establish a state mint for producing bullion products and managing gold and precious metal bullion sales. The state treasurer is tasked with entering into an agreement with an eligible entity to carry out covered activities, such as capital improvements and maintenance, to serve as the state mint. The act also requires the treasurer to promulgate rules for the mint's operations. The state mint will produce bullion products in uniform shapes, including rounds, bars, and commemorative pieces, and will securely store, process, and ship these products.