Bill > HB1183

This bill requires the North Dakota state treasurer to invest at least 1% of all deposited state treasury funds, including the general fund, in gold and silver, which can be held as physical bullion, coins, exchange-traded products, or other investment instruments. The state treasurer is authorized to contract for services to help manage these investments and must develop policies and procedures for gold and silver investments. Additionally, the bill mandates that during the 2025-26 interim, the state treasurer conduct a study examining the costs and benefits of investing state funds in gold and silver, with a specific focus on analyzing the impacts of inflation and economic stability. The treasurer must report study findings and recommendations to the legislative management by June 30, 2026. The provisions related to gold and silver investments will become effective on July 1, 2027, giving the state treasurer time to prepare and implement the new investment strategy.