TN HB0439

Creates a restricted account within Tennessee's reserve for revenue fluctuations to purchase and sell precious metal bullion or specie (gold, silver, platinum, or palladium), with an initial transfer of 1-3% of reserve funds as of July 1, 2025

Requires the state treasurer, with comptroller approval, to purchase physical precious metals that will be directly owned by the state and held in custody, with established quality standards and purity levels

Designates gold and silver coins as legal tender in Tennessee, though no person can be compelled to use or accept them unless authorized by law or contract

Permits state agencies to accept payment of taxes, fees, debts, or obligations in precious metal coins, but does not require acceptance

Makes confidential all records related to the precious metals program, including location, custody, security, transportation, insurance, and procurement information