HB 697: State Legal Tender and Bullion Depository
GENERAL BILL by Bankson ; LaMarca ; (CO-INTRODUCERS) Borrero ; Caruso ; Holcomb ; Plakon ; Porras
State Legal Tender and Bullion Depository; Provides specie legal tender & electronic currency are legal tender; provides bullion is not personal property for taxation & regulatory purposes; requires DFS to establish & administer bullion depository; authorizes governmental entities to use depositories for storing bullion; authorizes State Treasury to deposit portion of its funds into depositories in form of bullion; requires CFO to establish electronic currencies backed by specie legal tender & other bullion; requires CFO to hold specie legal tender & other bullion as bailment for specified purposes.
Last Action: 3/8/2024 House - Died in State Affairs Committee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/4/2023 | House |
• Filed |
| 12/19/2023 | House |
• Referred to State Affairs Committee • Referred to Ways & Means Committee • Referred to State Administration & Technology Appropriations Subcommittee • Referred to Commerce Committee • Now in State Affairs Committee |
| 1/9/2024 | House |
• 1st Reading (Original Filed Version) |
| 3/8/2024 | House |
• Died in State Affairs Committee |
