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.
Effective Date: 7/1/2024
Last Action:
3/8/2024
House -
Died in State Affairs Committee
Bill Text:
PDF
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