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FL H0699
Bill
Status
Failed
3/8/2024
Primary Sponsor
Doug Bankson
Click for details
AI Summary
- Records of all accounts in state bullion depositories and all transactions, deposits, and withdrawals associated with those accounts are made confidential and exempt from Florida's public records requirements under s. 119.07(1) and the State Constitution
- The depository administrator must maintain records of all accounts and transactions on an approved state computer system for at least 7 years and 1 day, and must provide records to the department within 5 business days upon request
- The exemption is subject to the Open Government Sunset Review Act and will automatically repeal on October 2, 2029, unless reenacted by the Legislature
- The Legislature justifies the exemption as necessary to protect account holders from identity theft, financial fraud, market manipulation, and to maintain public confidence in the state's financial institutions
- The act takes effect contingent on HB 697 (establishing gold and silver as legal tender and state bullion depositories) being adopted and becoming law in the same legislative session
Legislative Description
Pub. Rec./State Bullion Depositories
Last Action
Died in State Affairs Committee
3/8/2024
Committee Referrals
State Affairs12/19/2023
Full Bill Text
No bill text available