Bill > S1421

This bill allows for investments in physical gold and silver for certain state funds, with specific requirements for secure storage within Idaho, a contiguous state, or Texas, and mandates that the Idaho Department of Finance ensure such holdings are insured, independently audited, and physically segregated. Alternatively, physical gold and silver can be stored in a class 1 vault at an Idaho-chartered bank or credit union. The bill also sets a maximum investment limit of 7.5% of the total moneys invested in physical gold and silver. These provisions are being added to existing Idaho Code sections related to investment authority and the selection of funding agents for state retirement systems, and the bill declares an emergency, making its provisions effective on July 1, 2026.

Government Affairs, Justice

State Affairs Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2026/legislation/S1421/