Kentucky SB99 recognizes gold and silver as legal tender for private debts, taxes, and fees in Kentucky.
Kentucky SB99, the Kentucky Transactional Gold and Silver Act, recognizes gold and silver as legal tender for private debts, taxes, and fees in Kentucky. The bill allows gold and silver specie to be used in transactions if both parties agree, including payments to the state or governing authorities if they consent. The act also establishes a bullion depository for secure storage of gold and silver bullion and requires electronic payment systems to be reliable and compliant with state and federal laws.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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