Bill
Bill > H0007
ID H0007
ID H0007Amends existing law to provide that idle moneys may be invested in physical gold and silver in certain instances.
summary
Introduced
01/19/2021
01/19/2021
In Committee
02/12/2021
02/12/2021
Crossed Over
02/11/2021
02/11/2021
Passed
Dead
05/12/2021
05/12/2021
Introduced Session
2021 Regular Session
Bill Summary
STATE TREASURER -- Amends existing law to provide that idle moneys may be invested in physical gold and silver in certain instances.
AI Summary
This bill amends existing law to allow the state treasurer to invest idle moneys in the state treasury into physical gold and silver in certain instances. Specifically, the gold and silver must be securely stored in a depository located within Idaho or a contiguous state, and it must be insured, independently audited, and physically segregated from other assets. The bill provides additional details on the requirements for the depository and the investment administration fees that the state treasurer can charge for managing these investments.
Committee Categories
Government Affairs, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (House)
Last Action
Introduced, read first time; referred to: State Affairs (on 02/12/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2021/legislation/H0007/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0007.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0007SOP.pdf |
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