HB619

Louisiana HB619 authorizes the state treasurer to invest up to 5% of the Budget Stabilization Fund in precious metals and digital assets.

Louisiana HB619 amends the state's Budget Stabilization Fund to allow the state treasurer to invest up to 5% of the fund's balance in precious metals and digital assets. The bill defines "digital assets" as assets existing only in digital form, including virtual currency and cryptocurrency, and "precious metals" as gold, silver, or platinum. Investments must be held by a qualified custodian, as an exchange-traded product, through a secure-custody solution for digital assets, or in physical form for precious metals.