HB 697 -  State Legal Tender and Bullion Depository

by Bankson and LaMarca (CO-SPONSORS) Borrero; Caruso; Holcomb; Plakon; Porras
Provides specie legal tender & electronic currency are legal tender; provides bullion is not personal property for taxation & regulatory purposes; requires DFS to establish & administer bullion depository; authorizes governmental entities to use depositories for storing bullion; authorizes State Treasury to deposit portion of its funds into depositories in form of bullion; requires CFO to establish electronic currencies backed by specie legal tender & other bullion; requires CFO to hold specie legal tender & other bullion as bailment for specified purposes.
Effective Date: July 1, 2024
Last Event: 1st Reading on Tuesday, January 9, 2024 11:31 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Now in State Affairs Committee Time: 12/19/2023 - 9:20 AM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Commerce Committee Time: 12/19/2023 - 9:20 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 12/19/2023 - 9:20 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Ways & Means Committee Time: 12/19/2023 - 9:20 AM Member: Committee: Ways & Means Committee Version: __
Event: H Referred to State Affairs Committee Time: 12/19/2023 - 9:20 AM Member: Committee: State Affairs Committee Version: __
Event: H Filed Time: 12/04/2023 - 11:27 AM Member: Bankson Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
17.45 HB 699, SB 750, SB 752