HB 2123
bullion depository; establishment
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Arizona Bullion Depository, overseen by the State Treasurer, to serve as a secure location for storing gold and silver bullion. It defines key terms related to bullion, electronic payment systems, and legal tender. The bill also mandates the state treasurer to contract with a third-party vendor to create and operate an electronic payment system that allows for the use of gold and silver as a form of payment, while prohibiting its use in social credit scoring systems. Finally, it recognizes gold and silver as legal tender for private debts and state obligations.
Sponsors
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Primary sponsor
Lisa Fink
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