Bill Text: TX HB4305 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 4305

Introduced

Bill Title: Relating to purchasing gold and silver bullion for this state to hold in the Texas Bullion Depository; making an appropriation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-21 - Referred to Pensions, Investments & Financial Services [HB4305 Detail]

Download: Texas-2023-HB4305-Introduced.html

	88R13494 KJE-D

	By: Dorazio	H.B. No. 4305



	A BILL TO BE ENTITLED
	AN ACT
	relating to purchasing gold and silver bullion for this state to
	hold in the Texas Bullion Depository; making an appropriation.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. (a) The comptroller of public accounts shall
	undertake to purchase during the state fiscal biennium beginning
	September 1, 2023:
	(1) $4 billion worth of gold bullion; and
	(2) $1 billion worth of silver bullion.
	(b) The comptroller of public accounts shall deposit the
	bullion purchased under Subsection (a) of this section into the
	Texas Bullion Depository to the credit of an account held by this
	state.
	SECTION 2. The amount of $5 billion is appropriated from the
	general revenue fund to the comptroller of public accounts for the
	state fiscal biennium beginning September 1, 2023, for the purpose
	of purchasing $4 billion in gold bullion and $1 billion in silver
	bullion.
	SECTION 3. This Act takes effect September 1, 2023.