Establishes New Jersey Bullion Depository for secure precious metals storage.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes the New Jersey Bullion Depository, a division within the Department of the Treasury, to provide secure storage for precious metals like gold and silver. The depository will be operated by a private entity under state oversight, adhering to strict security standards and operational protocols. It allows eligible entities to deposit and withdraw precious metals, with revenue generated from fees deposited into the State General Fund.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Robert Singer
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