Texas HB1062 directs the comptroller to purchase bullion and allocates $5 billion for this purpose.
Texas HB1062 mandates the comptroller of public accounts to purchase $4 billion in gold bullion and $1 billion in silver bullion during the fiscal biennium starting September 1, 2025. The bill allocates $5 billion from the general revenue fund for this purpose. The purchased bullion will be deposited into the Texas Bullion Depository to the credit of an account held by the state. This act will take effect on September 1, 2025.
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