Bill > S1338

This bill amends existing Idaho law to allow the State Treasurer to invest "idle moneys," which are defined as available cash in demand deposit accounts, in physical gold and silver under specific conditions. These precious metals must be stored securely in a depository meeting industry standards, located within Idaho, a contiguous state, or Texas, and must be insured, independently audited, and physically separated from other assets. Alternatively, gold and silver can be stored by an Idaho-chartered bank or credit union in a class 1 vault. The bill also sets a maximum investment limit of 7.5% of the total idle moneys in physical gold and silver.

Government Affairs, Justice

State Affairs Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2026/legislation/S1338/