Bill Summary

HB 697 State Legal Tender and Bullion Depository (2024 Session)
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Sponsors
by Bankson, LaMarca Co Sponsors: Borrero, Caruso, Holcomb, Plakon, Porras
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Summary
State Legal Tender and Bullion Depository: Provides specie legal tender & electronic currency are legal tender; provides bullion is not personal property for taxation & regulatory purposes; requires DFS to establish & administer bullion depository; authorizes governmental entities to use depositories for storing bullion; authorizes State Treasury to deposit portion of its funds into depositories in form of bullion; requires CFO to establish electronic currencies backed by specie legal tender & other bullion; requires CFO to hold specie legal tender & other bullion as bailment for specified purposes. Effective Date: July 1, 2024
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committees of reference
» H State Affairs Committee
   H Ways & Means Committee
   H State Administration & Technology Appropriations Subcommittee
   H Commerce Committee
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Actions
12/04/23
HOUSE 
Filed
12/19/23
HOUSE 
Referred to State Affairs Committee; Ways & Means Committee; State Administration & Technology Appropriations Subcommittee; Commerce Committee
12/19/23
HOUSE 
Now in State Affairs Committee
01/17/24
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Bill to be Discussed During the Office of EDR's Revenue Estimating Impact Conference, 01/19/24, 9:15 am, 117 K (No Votes Will Be Taken)
01/24/24
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Bill to be Discussed During the Office of EDR's Revenue Estimating Impact Conference, 01/26/24, 9:00 am, 117 K (No Votes Will Be Taken)
03/08/24
HOUSE 
Died in State Affairs Committee
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bill text & filed amendments
0697
Filed on 12/04/23
PDF
No amendments to this bill text filed.
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Statute Citations
17.45
Research & Reports
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