Treasurer, State - As introduced, allows the state treasurer to enter into an agreement with an entity to carry out certain activities in order to serve as a facility to securely produce, store, process, and ship bullion products for the state's depository. - Amends TCA Title 9, Chapter 4.
HB 440 allows Tennessee's state treasurer to contract with qualified private manufacturers to operate a designated "Tennessee Mint" facility. This facility would securely produce, store, process, and ship gold and precious metal bullion products for the state's depository, directly affecting the treasurer, eligible manufacturers meeting strict criteria (e.g., 50+ years in coin production), and residents purchasing state-backed bullion. The bill establishes specific requirements for "eligible entities" and mandates a formal agreement process under state procurement rules. It builds on prior legislation (2023) authorizing state gold bullion sales, focusing on secure production and distribution channels.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Apr 9, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
4
Committee
6
Apr 9, 2025
Lower · Passed
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
lower
Apr 2, 2025
Lower · Passed
Action Def. in s/c Finance, Ways, and Means Subcommittee to 4/9/2025
lower
Apr 2, 2025
Lower · Passed
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/9/2025
lower
Mar 26, 2025
Lower · Passed
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/2/2025
lower
Feb 5, 2025
Committee
P2C, ref. to Finance, Ways, and Means Committee - Government Operations for Review
lower
Feb 5, 2025
Committee
Assigned to s/c Finance, Ways, and Means Subcommittee
lower
Feb 3, 2025
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bud Hulsey
RRepublican
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