Loading chat...
ND HB1183
Bill
Status
2/18/2025
Primary Sponsor
Daniel Johnston
Click for details
AI Summary
-
State treasurer required to invest at least 1% of all state treasury funds in gold and silver, effective July 1, 2027
-
Investments may be held as physical bullion or coins in a secure facility, or through a qualified custodian, exchange traded product, or other investment instrument
-
State treasurer must develop policies and procedures for managing gold and silver investments and may contract for services to assist with these investments
-
State treasurer required to study the costs and benefits of gold and silver investments during the 2025-26 interim, including effects on inflation and economic stability, with findings due to legislative management by June 30, 2026
Legislative Description
Gold and silver investments; to provide a report; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 13 nays 34
3/17/2025