Bill > SF0096

This bill, known as the Wyoming Gold Act, requires the state treasurer to hold and invest at least $10 million in specie (physical gold or silver coins) and specie legal tender in the state's permanent mineral trust fund. The primary goals are to diversify the state's investment portfolio, preserve capital, and protect against economic risks like inflation and debt defaults. The treasurer is also authorized to invest in precious metal leases or bonds if market conditions are favorable. Additionally, the treasurer may hire consultants from established precious metals firms, with the requirement that these consultants provide financial disclosures. The bill mandates the department of revenue to conduct a study exploring methods for the state to accept gold and silver as a payment medium, with a report and potential legislative recommendations due by October 1, 2025. While most of the bill takes effect immediately upon becoming law, Section 1 specifically becomes effective on January 1, 2026. The bill represents a novel approach by a state government to incorporate precious metals more directly into its financial strategy and explore alternative forms of legal tender.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/SF0096