LA HB619

Authorizes the Louisiana state treasurer to invest up to 5% of the Budget Stabilization Fund balance in precious metals (gold, silver, platinum) and digital assets with market capitalization exceeding $750 billion averaged over the previous calendar year

Digital assets may be held through qualified custodians, exchange-traded products, or secure custody solutions with strict security requirements including encrypted private keys, multi-party authorization, disaster recovery protocols, and regular security audits

Precious metals may be held in physical form by the state or through qualified custodians and exchange-traded products

Exchange-traded products must be approved by the SEC, CFTC, or other regulatory authority and traded on a regulated U.S. exchange

Takes effect only if voters approve a proposed constitutional amendment to Article VII, Section 14(B) at a statewide election