OH SB86

Requires the Ohio Treasurer of State to invest at least 5% of the state's total average investment portfolio in precious metals (gold, silver, platinum, palladium) by June 30 of each fiscal year.

Requires each county investing authority to invest at least 5% of the county's total average investment portfolio of inactive moneys in precious metals by June 30 of each fiscal year.

Allows the Treasurer of State and county investing authorities to determine whether precious metals investments take the form of bullion or coins, and to establish storage, security, and possession procedures.

Permits the Treasurer of State and county investing authorities to reinvest or readjust investment ratios annually to maintain the minimum 5% precious metals allocation.

Creates a new section (135.146) defining precious metals, investment metal bullion, and investment coins; modifies existing investment authority statutes to authorize precious metals investments alongside traditional securities.