Idaho S1338 amends state law to allow investment of idle moneys in physical gold and silver, with specific storage requirements and a maximum.
Idaho S1338 amends existing law to allow the state treasurer to invest idle moneys in physical gold and silver, provided they are stored securely in a depository meeting industry standards. The maximum investment in physical gold and silver is capped at 7.5% of the idle moneys. The bill also outlines the types of investments the state treasurer can make with idle moneys, including bonds, treasury bills, and other financial instruments.
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