HB0001H3107

This amendment adds a new Section 328 to the budget bill appropriating $22 million from the legislative stabilization reserve account to the state treasurer for acquiring and storing gold and silver bullion and specie in Wyoming.

• Appropriates $22,000,000 from the legislative stabilization reserve account to the state treasurer for acquiring gold and silver bullion and specie, with authority to expend funds for storage and insurance costs. The appropriation does not revert and cannot be transferred for other purposes. (Page 141, lines 8-17)
• Requires the state treasurer to acquire and store within Wyoming a minimum of 3,000 ounces of gold bullion or specie and a minimum of 100,000 ounces of silver bullion or specie, to the extent funds are available. (Page 141, lines 19-28)
• Prohibits the state treasurer from liquidating bullion and specie assets acquired under this section without legislative authorization. (Page 141, lines 30-31)
• Makes this section effective immediately. (Page 141, line 33)

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