Tennessee SB0168 amends state law to establish a reserve account for precious metal bullion and specie, allowing the state to invest in gold and.

Tennessee SB0168 amends Tennessee Code Annotated, Title 9, to establish a reserve account for precious metal bullion and specie within the state treasury. The bill creates a restricted account for the purchase and sale of precious metal bullion or specie, with an initial transfer from the reserve for revenue fluctuations account. The state treasurer, with the approval of the comptroller of treasury, must purchase and sell precious metal bullion or specie, ensuring they are securely custodied, maintained, and transported.

Tennessee SB0168 amends state law to establish a reserve account for precious metal bullion and specie, allowing the state to invest in gold and.

Tennessee SB0168 amends Tennessee Code Annotated, Title 9, to establish a reserve account for precious metal bullion and specie within the state treasury. The bill creates a restricted account for the purchase and sale of precious metal bullion or specie, with an initial transfer from the reserve for revenue fluctuations account. The state treasurer, with the approval of the comptroller of treasury, must purchase and sell precious metal bullion or specie, ensuring they are securely custodied, maintained, and transported.