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ND HB1183

Bill

Status

Engrossed

2/18/2025

Primary Sponsor

Daniel Johnston

Click for details

Origin

House of Representatives

69th Legislative Assembly

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

Committee Referrals

Industry and Business2/18/2025
Industry, Business and Labor1/7/2025

Full Bill Text

No bill text available