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LA HB610
Bill
Status
2/26/2026
Primary Sponsor
Raymond Crews
Click for details
AI Summary
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Authorizes the state treasurer to invest up to 10% of the Revenue Stabilization Trust Fund in gold bullion, gold specie, or both
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Defines "gold bullion" as gold formed into uniform shapes such as ingots, bars, or plates with uniform content and purity suitable for bulk or wholesale precious metals transactions
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Defines "gold specie" as gold coins of uniform shape, size, design, content, and purity suitable for use as currency or medium of exchange
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Authorizes the treasurer to enter contracts necessary for implementation, including contracting with a depository to serve as custodian of acquired gold
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Effective July 1, 2026
Legislative Description
Authorizes the state treasurer to invest up to ten percent of available monies in the Revenue Stabilization Trust Fund in gold
FUNDS/FUNDING
Last Action
Read by title, under the rules, referred to the Committee on Appropriations.
3/9/2026