Public Funds and Financing - As introduced, enacts the "Tennessee Transactional Gold and Silver Act," which recognizes gold and silver as legal tender for private transactions and, when accepted, for paying state and local taxes or fees; authorizes the creation of a secure bullion depository and an electronic payment system to support the use of gold and silver; exempts gold and silver transactions from state and local taxation. - Amends TCA Title 9, Chapter 4.

SB 1813, the "Tennessee Transactional Gold and Silver Act," recognizes physical gold and silver as legal tender for voluntary private transactions and for paying state/local taxes or fees if accepted by the recipient. It establishes a secure bullion depository for storing gold/silver and authorizes an electronic payment system to facilitate transactions using these metals. The bill exempts gold and silver transactions from state and local taxes, and requires that any electronic system using these metals must not enable government surveillance or social scoring. This law directly affects citizens, businesses, and state/local governments that choose to accept gold or silver as payment, while preserving the option to use traditional currency.