SF0096

Requires the state treasurer to hold and invest at least $10 million in precious metals, authorizes hiring consultants, and directs a study on accepting gold and silver as payment.

• The state treasurer must hold not less than $10 million in specie and specie legal tender across all state managed accounts for portfolio diversification, capital preservation, and protection against inflation and debt defaults. (W.S. 9-4-1306(a)(i), Sec. 1)
• The state treasurer may invest in precious metal leases or bonds payable in precious metals if market conditions warrant. (W.S. 9-4-1306(a)(ii), Sec. 1)
• The state treasurer may contract with established precious metals firms and industry experts to assist with implementation, and must require financial disclosures and other requirements from contractors. (W.S. 9-4-1306(b), Sec. 1)
• The state treasurer must adopt rules to implement the specie holding and investment requirements. (W.S. 9-4-1306(c), Sec. 1, Sec. 2)
• The state treasurer must conduct a study analyzing how precious metals can support the state's economic security and review methods for the state to accept gold and silver as payment. (Sec. 3(a))
• The state treasurer must report study results and legislative recommendations to the joint revenue interim committee and select committee on financing and investments by October 1, 2025. (Sec. 3(b))

Effective: Immediately upon passage; specie holding requirement (Section 1) effective January 1, 2026

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