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Bill > HB4305


TX HB4305

TX HB4305
Relating to purchasing gold and silver bullion for this state to hold in the Texas Bullion Depository; making an appropriation.


summary

Introduced
03/09/2023
In Committee
03/21/2023
Crossed Over
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to purchasing gold and silver bullion for this state to hold in the Texas Bullion Depository; making an appropriation.

AI Summary

This bill requires the Texas Comptroller of Public Accounts to purchase $4 billion worth of gold bullion and $1 billion worth of silver bullion during the 2023-2025 state fiscal biennium, and to deposit the bullion into the Texas Bullion Depository. The bill also appropriates $5 billion from the general revenue fund to the Comptroller for this purpose.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Referred to Pensions, Investments & Financial Services (on 03/21/2023)

Bill Topics

Government Operations
  • ‐ Currency and Mint
Macroeconomics
  • ‐ Monetary Supply, Federal Reserve Board, and Treasury

bill text


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