Arizona HB2123 establishes a bullion depository to store and manage gold and silver bullion for residents and the state.
Arizona HB2123 creates the Arizona Bullion Depository, administered by the state treasurer. The depository will store bullion securely and allow residents to use it for electronic transactions. The state treasurer can contract with a third party to manage daily operations, ensuring compliance with best practices and federal laws. The depository must be insured for its full replacement value. Annual reports on the depository's status and operations will be submitted to state officials.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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