HB 697 -  State Legal Tender and Bullion Depository

General Bill by Bankson and LaMarca (CO-SPONSORS) Borrero; Caruso; Holcomb; Plakon; Porras
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
Last Event: Died in State Affairs Committee on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: HB 699 Subject: Pub. Rec./State Bullion Depositories Relationship: Linked
Bill #: SB 750 Subject: State Legal Tender and Bullion Depository Relationship: Identical
Bill #: SB 752 Subject: Public Records/Bullion Depositories Relationship: Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in State Affairs Committee Time: 03/08/2024 - 2:25 PM Member: Committee: State Affairs Committee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Now in State Affairs Committee Time: 12/19/2023 - 9:20 AM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Commerce Committee Time: 12/19/2023 - 9:20 AM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 12/19/2023 - 9:20 AM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Ways & Means Committee Time: 12/19/2023 - 9:20 AM Member: Committee: Ways & Means Committee Version: __
Event: H Referred to State Affairs Committee Time: 12/19/2023 - 9:20 AM Member: Committee: State Affairs Committee Version: __
Event: H Filed Time: 12/04/2023 - 11:27 AM Member: Bankson Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
17.45 HB 699, SB 750, SB 752