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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.