HB 487: Investments of Public Funds in Bitcoin
GENERAL BILL by Barnaby
Investments of Public Funds in Bitcoin; Authorizes CFO to invest in Bitcoin any money from certain public funds; provides limits to such investments; provides requirements for holding such Bitcoin; authorizes CFO & other parties to loan Bitcoin in state funds; requires taxes & fees paid in Bitcoin to be transferred to General Revenue Fund; requires General Revenue Fund to reimburse designated funds in United States currency for such payments; authorizes Trustees of SBA to invest & reinvest available funds of System Trust Fund in Bitcoin; provides that investments of public funds in Bitcoin are exempt from certain security requirements.
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Bill History
Date Chamber Action 2/10/2025 House • Filed
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HB 487, Original Filed Version (Current Bill Version) Posted 2/10/2025 at 8:45 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 550 Investments of Public Funds in Bitcoin Gruters Similar Last Action: 2/7/2025 S Filed 
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 17.57 Deposits and investments of state money. Page 6 (pdf) 17.573 Page 3 (pdf) 17.61 Chief Financial Officer; powers and duties in the investment of certain funds. Page 13 (pdf) 121.151 Investments. Page 14 (pdf) 280.03 Public deposits to be secured; prohibitions; exemptions. Page 15 (pdf)