Public Funds and Financing - As introduced, creates in the reserve for revenue fluctuations account a restricted account for the purchase and sale of precious metal bullion or specie; authorizes the state treasurer, with approval of the comptroller of the treasury, to purchase and sell precious metal bullion or specie with funds from that account. - Amends TCA Title 9.

HB 439 creates a restricted account within Tennessee's existing "reserve for revenue fluctuations" to allow the state treasurer, with comptroller approval, to buy and sell precious metals (gold, silver, platinum, or palladium) using state funds. It requires an initial transfer of 1-3% of the reserve's balance to this account by July 2025, with annual adjustments based on the reserve's value. The state would directly own and securely store the metals, with all related transactions, gains, and losses separately tracked in the restricted account. The bill is pending committee review and would not change how the state manages its general revenue reserves beyond this specific investment mechanism.