Texas SB2002 proposes the issuance of gold and silver currency by the state comptroller.
The bill, Texas SB2002, amends Chapter 2116 of the Government Code to establish a gold and silver currency system. The comptroller can issue gold and silver currency to individuals who pay a fee and deposit gold or silver bullion. The comptroller can also contract with a private vendor to establish the currency, with preference given to vendors based in Texas. The comptroller must ensure the currency can be used as legal tender and transferred electronically.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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