Public Funds and Financing - As introduced, enacts "The Mint Act," which establishes a precious metals enterprise fund to be administered by the state treasurer for the purpose of acquiring, converting, storing, and selling bullion and specie. - Amends TCA Title 9, Chapter 4.

HB 2361, "The Mint Act," establishes a state-run precious metals enterprise fund administered by Tennessee's treasurer. The fund will use $50 million in fiscal year 2027 to acquire gold and silver bullion, convert it into coin-like specie (bullion products), and store 90% as a long-term inflation hedge while selling up to 10% to residents and others to build brand reputation. Key provisions require the treasurer to contract with a Tennessee-based toll converter for bullion conversion within 12 months, prioritize in-state sales, and maintain strict security and reporting for fund operations. The bill directly affects state treasury operations and finances, creating a dedicated mechanism for managing precious metals as a financial asset.