Bill > SB2737

This bill authorizes the state treasurer, with the approval of the comptroller of the treasury, to use funds from the reserve for revenue fluctuation account to purchase precious metals bullion and specie, which includes gold, silver, platinum, or palladium. The bill requires the state and its entities to accept specie as legal tender for payment of all public debts, and allows private entities to accept specie as payment at their discretion. The bill also allows the treasurer to store the physical bullion or specie with a designated entity and requires various measures to ensure the security and maintenance of the precious metals.