LA HB386

Establishes gold and silver bullion and specie as legal tender currency in Louisiana, citing authority under Article I, Section 10 of the U.S. Constitution

Authorizes the State Treasurer to issue currency backed by physical gold and silver held in a pooled depository account, with the option to contract with out-of-state depositories or private Louisiana-based vendors

Currency holders may redeem their holdings for U.S. dollars or physical gold/silver bullion at market prices, and may transfer currency electronically to other persons or states

Prohibits the depository or treasurer from loaning, investing, or using deposited bullion/specie for any purpose; all deposits remain sole property of the depositor with no withdrawal waiting periods

Funds held in the depository are exempt from legislative appropriation; administrative costs must be covered by fees with no additional costs to the state general fund