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
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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
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HB 697, Original Filed Version (Current Bill Version) Posted 12/4/2023 at 11:27 AM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 699 Pub. Rec./State Bullion Depositories Bankson, LaMarca Linked Last Action: 3/8/2024 H Died in State Affairs Committee 
S 750 State Legal Tender and Bullion Depository Rodriguez Identical Last Action: 3/8/2024 S Died in Banking and Insurance
S 752 Public Records/Bullion Depositories Rodriguez Compare Last Action: 3/8/2024 S Died in Banking and Insurance
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 17.45 Page 4 (pdf)