Public Funds and Financing - As introduced, adds certain definitions concerning precious metals; makes precious metal coins legal tender; prohibits a person from compelling another to accept precious metal coins as legal tender. - Amends TCA Title 9, Chapter 1.

This Tennessee bill defines gold and silver coins as legal tender, meaning they can be used to pay debts or taxes within the state. It prohibits anyone from forcing another person to accept these coins as payment unless mutually agreed upon in a contract or authorized by law. The law applies to all individuals, businesses, and government entities engaging in financial transactions in Tennessee, clarifying that precious metal coins are valid tender without changing how most everyday payments are handled.