Public Funds and Financing - As introduced, enacts "The Mint Act," which establishes a precious metals enterprise fund to be administered by the state treasurer for the purpose of acquiring, converting, storing, and selling bullion and specie. - Amends TCA Title 9, Chapter 4.

SB 1812, known as "The Mint Act," establishes a state-administered precious metals fund to acquire, convert, store, and sell gold and silver bullion. The Tennessee state treasurer will manage the $50 million fund (appropriated for fiscal year 2027), converting bullion into physical coins/metals within 12 months and selling up to 10% to residents to build brand recognition, while retaining 90% as a long-term inflation hedge. The bill requires in-state toll converters with specific industry experience and mandates annual transparency reports to the legislature, though operational details like storage locations remain confidential. This directly affects the state treasurer, Tennessee residents (via potential sales), and local precious metals businesses.