FL S0750

Declares gold and silver specie and electronic currencies backed by physical gold and silver as legal tender in Florida, and exempts bullion from personal property taxation and all tax liability arising from its purchase, sale, or exchange for other legal tender

Directs the Department of Financial Services to establish and administer state bullion depositories for secure storage of precious metals, open to individuals, corporations, trusts, and governmental entities, with the State Treasury authorized to deposit a portion of its funds as bullion to be counted as official financial reserves

Requires depositories to maintain insurance covering the full value of all stored bullion from an insurer rated "A" or higher by A.M. Best, undergo independent third-party audits at least twice per year, and implement state-of-the-art security measures against theft and fraud

Requires the Chief Financial Officer to establish electronic currencies backed by physical gold or silver held as bailment, with each unit representing a fraction of a troy ounce, redeemable for the underlying metal, and explicitly not available for legislative appropriation

Declares void any confiscation, requisition, or seizure of depository or electronic currency accounts by any governmental authority other than the state of Florida, and prohibits depositories from recognizing such outside authorities as lawful successors to account holders