Committee approves bill to let state store bullion and let treasurer invest up to 10% of funds in gold and silver House Bill 2,140 received a due‑pass recommendation (4‑0‑1). The bill would permit state entities to store bullion in the Arizona Bullion Depository and authorize the state treasurer to invest up to 10% of state monies in physical bullion; rulemaking by the Department of Insurance and Financial Institutions was included but sponsor said she could discuss removing it.

Arizona is taking a bold step by allowing state entities to store bullion and empowering the treasurer to invest up to 10% of state funds in gold and silver!

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Committee advances bill to create Arizona bullion depository and permit transactional gold and silver The Committee on Regulatory Oversight gave House Bill 2,123 a due‑pass recommendation (4‑0‑1). The bill would establish an Arizona Bullion Depository under the state treasurer, allow third‑party administration and electronic payment interfaces, require all‑risk insurance, and recognize gold and silver as functional tender.

Arizona is one step closer to allowing gold and silver as a form of payment with the advancement of House Bill 2,123, which aims to create a state bullion depository!

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