Senate committee debates SB115 to authorize Kansas bullion depository and allow limited state gold holdings Senate Bill 115 would let the state treasurer establish bullion depositories, require security, insurance and twice-yearly independent audits, and permit the treasurer to invest a portion of state monies in specie; proponents argued it hedges inflation while opponents warned against the state becoming a market participant.

Kansas is considering a bold move to establish a bullion depository, potentially reshaping how the state handles its investments amidst rising inflation concerns.

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