Bill
Bill > H0522
ID H0522
ID H0522Amends existing law to provide that idle moneys may be invested in physical gold and silver in certain instances.
summary
Introduced
02/02/2022
02/02/2022
In Committee
02/18/2022
02/18/2022
Crossed Over
02/17/2022
02/17/2022
Passed
Dead
03/31/2022
03/31/2022
Introduced Session
2022 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 Idaho State Treasurer to invest idle state moneys in physical gold and silver in certain instances. The bill requires that any gold and silver holdings be securely stored in a depository located within Idaho or a contiguous state, and that the holdings be insured, independently audited, and physically segregated from other assets. The bill also provides that the interest received on all investments, unless otherwise specified by law, shall be paid into the state's general fund.
Committee Categories
Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (H)
Last Action
Introduced, read first time; referred to: State Affairs (on 02/18/2022)
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/2022/legislation/H0522/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0522.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0522SOP.pdf |
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