Senate committee advances bill allowing state vendors to be paid in gold and silver The Senate Government Operations Committee favorably recommended House Bill 195, which would allow vendors to be paid in precious metals under state-set custody, audit and redemption standards. The sponsor and state treasurer said the move updates payments and could shape federal tax conversations; public comment was split but supportive overall.

Utah is on the brink of a revolutionary shift as lawmakers push to allow vendors to be paid in gold and silver, setting new standards for precious metal transactions!

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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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