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.

SB 168 creates a restricted account within Tennessee's "reserve for revenue fluctuations" fund to allow the state treasurer, with comptroller approval, to purchase and sell precious metals (gold, silver, platinum, or palladium bullion or coins). The bill requires an initial transfer of 1-3% of the reserve fund’s balance (as of July 1, 2025) into this account, with annual adjustments based on fund value. It mandates that all metals be state-owned, securely stored, independently audited, and kept separate from other state assets, while prohibiting public inspection of related procurement records. This legislation directly affects the state treasury’s investment practices under Tennessee Code § 9-4-211 and § 9-4-612.